Definitions for "monopsony"
Related Terms:
Perfect competition, Market structure, Monopolistic competition, Monopoly, Oligopoly, Imperfect competition, Competitive market, Competition, Predatory pricing, Market power, Oligopsony, Cartel, Natural monopoly, Buyers market, Monopoly, Seller's market, Price fixing, Duopoly, Competition, Sellers market, Market, Buyer, Buyer's market, Contestable market, Competitive bidding, Buyer, Bidding war, Price discrimination, Market failures, Barriers to entry, Retail competition, Market forces, Prospects, Market positioning, Competition, Cross-selling, Vendor, Concession, Competition, Chain, Robinson-patman act, Seller, Up selling, Competitive advantage, Black market, Demand, Cannibalization, Deal , Competitive advantage
A situation in which there is only one customer for a companys product. also called buyers monopoly.
A market in which there are multiple suppliers but only one buyer.... more on: Monopsony
In contrast to monopoly, monopsony is a market condition in which there are a large number of sellers and only one buyer.
market structure in which there is a single buyer. Term introduced in Robinson (1932).
The existence of only one buyer in a market, forcing sellers to accept a lower price than the socially optimal price.
A market structure characterized by the presence of only one actor who expresses a demand for a product or service ("a monopoly on the demand sizde"). "Monopsony power" is equivalent to "monopoly power". MORAL HAZARD.. occurs when the actions of agents cannot be perfectly observed or contracted for directly. In a narrow sense, moral hazard has referred to possible effects which insurance contracts may have on the behavior of the insured persons. More general, economic terminology refers to moral hazard to imply the lack of observability of contingencies and the consequence of hidden, unverifiable action within contractual relationships. [In the finance-, agency and transaction cost literature, often referred to as part of (or overlapping with) "post-contractual opportunism", another part being "holdup", see, e.g., Alchian & Woodward in: JEL March 88, p.68] moral hazard in insurenace context
a buyers' monopoly, a situation in which there is only one buyer.
a market where there are many suppliers and one buyer
A market structure in which there is only a single buyer.
A market in which there is a single buyer. (p. 416)
a market consisting of one buyer and many sellers
A market situation in which there is only one buyer of a product
The only buyer with control over market purchases.
9 A market with only one buyer.
Similar to a monopoly, but where a large buyer (not seller) controls a large proportion of the market and drives the prices down. Sometimes referred to as the buyers monopoly.
market in which there is a single buyer of a product. Monopsony is the buying-side equivalent of a selling-side monopoly. Much as a monopoly is the only seller in a market, monopsony is the only buyer. While monopsony could be analyzed for any type of market it tends to be most relevant for factor markets in which a single firm is the only buyer of a factor of production.
In economics, a monopsony is a market form with only one buyer, called "monopsonist," facing many sellers. It is an instance of imperfect competition, symmetrical to the case of a monopoly, in which there is only one seller facing many buyers. The term "monopsony" was first introduced by Joan Robinsonhttp://w4.stern.nyu.edu/faculty/facultyindex.cgi?id=55 (1933).