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oligopsony

   Also found in: Financial, Wikipedia 0.01 sec.
ol·i·gop·so·ny  (l-gps-n, l-)
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.
[olig(o)- + (mon)opsony.]
oli·gopso·nistic (-nstk) adj.
oligopsony [ˌɒlɪˈgɒpsənɪ]
n pl -nies
(Economics) a market situation in which the demand for a commodity is represented by a small number of purchasers
[from oligo- + -opsony, from Greek opsōnia purchase of food]
oligopsonistic  adj
oligopsony
a market condition in which there are few buyers. — oligopsonist, n. — oligopsonistic, adj.
See also: Trade
Translations
oligopsony [ˌɒlɪˈgɒpsənɪ] N → oligopsonio m
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The Optimal Livestock Slaughter The starting point of the analysis is the same as that considered in Azzam (2003), namely, a homogeneous, risk-averse oligopsony of N symmetric packers, (9) whose objective is to maximize the expected utility of profits.
Market and welfare effects of the U.S. Livestock Mandatory Reporting ... by Njoroge, Kenneth; Yiannaka, Amalia; Giannakas, Konstantinos; Azzam, Azzeddine M. / Southern Economic Journal
Their market power is typically based on high concentration and oligopsony power, where many farms deliver to a single processor or trader (Hobbs et al.
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Business angels: the smartest money for starters? Plea for a renewed ... by Aernoudt, Rudy / International Journal of Business
 
 
 
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