monopsony


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mo·nop·so·ny

 (mə-nŏp′sə-nē)
n. pl. mo·nop·so·nies
A market situation in which the product or service of several sellers is sought by only one buyer.

[mon(o)- + Greek opsōniā, purchase of food; see duopsony.]

mo·nop′so·nist n.
mo·nop′so·nis′tic adj.

monopsony

(məˈnɒpsənɪ)
n, pl -nies
(Economics) a situation in which the entire market demand for a product or service consists of only one buyer
[C20: mono- + Greek opsōnia purchase, from opsōnein to buy]
moˌnopsoˈnistic adj

mo•nop•so•ny

(məˈnɒp sə ni)

n., pl. -nies.
the market condition that exists when there is only one buyer for a product or service from a large number of sellers.
[1930–35; mon- + Greek opsōnía shopping, purchase of provisions]
mo•nop′so•nist, n.

monopsony

the market condition that exists when only one buyer will purchase the products of a number of sellers. — monopsonist, n.monopsonistic, adj.
See also: Trade

monopsony

A market in which there are multiple suppliers but only one buyer.
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.monopsony - (economics) a market in which goods or services are offered by several sellers but there is only one buyer
market, marketplace, market place - the world of commercial activity where goods and services are bought and sold; "without competition there would be no market"; "they were driven from the marketplace"
economic science, economics, political economy - the branch of social science that deals with the production and distribution and consumption of goods and services and their management
Translations

monopsony

[məˈnɒpsənɪ] Nmonopsonio m
References in periodicals archive ?
Whatever the reason, a monopsony or monopoly implies that there is no place for two groups to operate simultaneously.
218), he does not mention such major elements in this process as the Crowsnest Freight Rate, the monopsony of the Canadian Wheat Board, federal establishment and support of Trans-Canada Airlines/Air Canada, or the Trans-Canada Highway.
One benefit of this approach is cost control: the government could use its monopsony buying power to force down prices just as Walmart does with its suppliers.
Walmart becomes a combination of monopoly and monopsony which constitutes threat to the free market.
However, one subject escaped attention: the growing monopsony power of employers--a monopsony being a market where the purchaser of goods and services can dictate terms since one buyer faces many sellers.
Traditionally, dental hygienists have been required by law to work under the supervision of dentists, but because dentists were the only legally permitted buyer of hygienist labor under the law, it created a monopsony (one buyer, many sellers).
He also has worked extensively on a number of antitrust class actions involving alleged price fixing, and in cases involving exclusive dealing, bundling claims and monopsony, as well as government investigations of pricing and marketing policies.
As the largest buyer by far of weapons worldwide, and the monopsony buyer in the largest market, the U.
In markets without provider market power, the reduction in prices associated with insurer concentration may lead to a monopsony outcome (Bates and Santerre 2008).
402) China's experience with monopsony intermediaries that pay miniscule royalties to copyright owners provides a glimpse into our own possibly dystopian future, in which a few legitimate digital distribution platforms become dominant while piracy remains unchecked online.
Three related factors contributed to this: the ability to gain legitimacy, the ability to use competition to promote access and equity and the ability to use monopsony power as an indirect means of government regulation.
In his policy analysis, he methodically struck down the State's arguments for price controls, import/export bans, restrictions on private bankers, public expenditures on wasteful industrial projects, and state monopsony of agricultural goods.