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 ?
They instead create a buyers' market - known as a monopsony - that will lead to the death of the sugar sector.
It would clarify that a merger could violate the statute if it gives a company monopsony power to unfairly lower the prices it pays or wages it offers because of lack of competition among buyers or employers.
The good news is that at least one powerful member of the judiciary, which wields disproportionate power over how antitrust law is applied, seems somewhat attuned to the dangers of corporations that use their position as a dominant buyer to impose unfair terms on sellers--a phenomenon known as monopsony power.
If there was a market situation, which could describe Gesy it would be a "monopsony" (another Greek word meaning single buyer).
Meniscus Repair Systems Market: Overview The global market for meniscus repair systems is highly consolidated, representing monopsony characteristics with a handful of players accounting for a large market share owing to the nascent stage of market and the high technological intensity of these devices.
Economist Dr Kaiser Bengali asserts that the sugar sector is structurally inefficient as it is quasi monopsony, which refers to a market structure in which a single buyer substantially controls the market as the major purchaser of goods and services offered by many would-be sellers.
Focusing on output is usually better than focusing on price, particularly in cases involving monopsony. When monopsony power is being exercised the relevant purchasing prices go down, but output goes down as well.
"Cricket Australia operates as monopoly and monopsony, unregulated, unrestricted and untaxed," Haigh writes.
Chapter 7 of the collection contains a revision of the theory of monopsony, a concept that has been dismissed almost completely by both Mises and Rothbard.
Mainstream economists are discussing questions like whether "monopsony" -- the outsize power of a few consolidated employers -- is part of the problem of low wage growth.
The efforts to tamp down on no-poach clauses also reflect concerns about the role of "monopsony" power - a monopoly held by a purchaser or employer, rather than by a seller - in restraining wages.
"Stanford has found that net neutrality will hurt small newsrooms," says Ryan Singel." "The things we like now, how you can write and be heard, how you can make and show cool art." It will be small effects that happen over time as ISPs are allowed to abuse their monopsony control over access to users.