and Monopsonistic Competition in Labor Markets," Journal of Economic Perspectives 16:2 (2002): 155-174; C.
From the results it is concluded that technical inefficiency is highest where the market structure resembles monopsony and lowest where the market structure resembles oligopsony
At the same time, the prevailing system also conferred on multinationals in advanced economies another economic power--monopsony or oligopsony
in the presence of a cartel.
Boal and Ransom (1997) lay out a classic Cournot model of oligopsony
that can be directly applied to the educational labor market.
7) They correctly note that B2B buyers can profit from oligopsony
agreements--agreements to buy an anticompetitively low level of inputs.
Economists argue that shortages are related to a lack of or lagged increase in real wages (Friss 1994), an imperfectly competitive market such as in monopsony or oligopsony
(Yett 1975), or a problem with geographic distribution and specialty (Yett 1970; Friss 1994).
This exchange situation is formally called monopsony or oligopsony
Ag producers, however, face oligopsony
power which involves the exercise of market power to reduce prices paid to sellers, such as meat packers colluding to keep prices low.
A recent analysis confirms that while agricultural growth reduces rural poverty, a measure of oligopsony
Only here's the catch: The predator exploiting its oligopsony
(that's the demand-side version of "oligopoly") power is the government.
Models of industrial organization - oligopoly and oligopsony
- appear to fit the large economic units in world trade, according to the HHI results.
The Sherman Act eventually was passed in 1890, after considerable lobbying by midwestern farmers, who claimed the Beef Trust exercised oligopsony
power, and after a major congressional investigation (one of but three concerning trusts) into the Chicago packers.