oligopsony

(redirected from oligopsonistic)
Also found in: Financial.
Related to oligopsonistic: oligopsonies

ol·i·gop·so·ny

 (ŏl′ĭ-gŏp′sə-nē, ō′lĭ-)
n. pl. ol·i·gop·so·nies
A market condition in which purchasers are so few that the actions of any one of them can materially affect price and the costs that competitors must pay.


ol′i·gop′so·nis′tic (-nĭs′tĭk) adj.

oligopsony

(ˌɒlɪˈɡɒpsənɪ)
n, pl -nies
(Economics) a market situation in which the demand for a commodity is represented by a small number of purchasers
[C20: from oligo- + -opsony, from Greek opsōnia purchase of food]
ˌoliˌgopsoˈnistic adj

ol•i•gop•so•ny

(ˌɒl ɪˈgɒp sə ni)

n., pl. -nies.
the market condition that exists when there are few buyers, who can thereby greatly influence price and other market factors.
[1940–45; olig- + Greek opsōnía purchase of provisions, shopping]
ol`i•gop`so•nis′tic, adj.

oligopsony

a market condition in which there are few buyers. — oligopsonist, n.oligopsonistic, adj.
See also: Trade
Translations

oligopsony

[ˌɒlɪˈgɒpsənɪ] Noligopsonio m
Mentioned in ?
References in periodicals archive ?
The data confirm already noted tendencies for contracts to become semi-permanent arrangements but also reveal a pattern of oligopsonistic demand in the policy and management consulting areas concentrated mostly in a handful of very heavy user departments and also an increasingly oligopolistic supply pattern where less than 5% of companies accounted for 80% of total contract values and where repeat contracts are the norm.
This case is often seen in monopolistic or oligopolistic markets with a limited number of sellers or in monopsonistic and oligopsonistic markets with a limited number of buyers (Samuelson 81 Marks, 2009).
n = 5: INTENSITIES n = 7: CONTORTIONISTIC EXCRESCENCIES EPISCOPACIES REPOSITORIES n = 8: OVERINTENSITIES ANIMALIZATION INTERDISTRICT SAPONACEOUSNESS n = 9: ANIMALIZATIONS CANNIBALIZATION OLIGOPSONISTIC SIGMOIDOSCOPIES n = 10: ANTI RADICALISM(S) MARGINALIZATION n = 11: RADICALIZATIONS n = 5: n = 7: OMNISCIENCES ENREGISTERING SUPERSATURATES n = 8: ANTICAPITALIST ANTIRATIONALIST SILVICULTURIST(S) TACHYARRHYTHMIA n = 9: CHORDAMESODERMS ETHNOHISTORIANS SIGNALIZATIONS n = 10: RADICALIZATION n = 11:
That means that 'contestability' does not necessarily mean greater competition, especially if it is used to support market domination and/or oligopsonistic buying power.
In Njoroge's study, collusion arises because risk-neutral oligopsonistic packers, who have divergent priors about the distribution of livestock and meat prices before the Act, have convergent posteriors after updating their priors with the Reports.
Lowry and Winfrey (1974) hypothesized that markets with economies of scale, along with high raw material transportation costs, encourage the development of spatially dispersed firms with monopsonistic or oligopsonistic input bases.
79) In other words, revenues that once flowed to sellers "now flow into the coffers of the oligopsonistic [buyers] in the form of reduced costs.
Since the firms operate in oligopolistic and oligopsonistic markets, cost advantages are not necessarily passed on to consumers in lower prices or to workers in higher wages, and the profits then accrue to the parent firms.
Under certain extreme conditions, when inequality in the distribution of land manifests itself in an oligopsonistic labor market with few large landholders dominating through wage-setting, shifts in labor demand may have a small effect on agricultural wages relative to that in a competitive labor market.
this variation in quality would be supplied by competing educational enterprises, which would break down the oligopsonistic and monopsonistic structures by which teachers' pay has been restrained in the past - though weakened trades unions might offset this.
As a result, the processing of the scallop is oligopsonistic in nature, with the 5 firms owning and operating some vessels but also sometimes contracting with private vessels.