Definition of Monopsonies. Meaning of Monopsonies. Synonyms of Monopsonies

- a series of studies looking at the American labour market that found monopsonies existed only in several specialized fields such as professional sports...
- together to coordinate services, prices or sale of goods. Monopolies, monopsonies and oligopolies are all situations in which one or a few entities have...
- Similar to a monopsony, an oligopsony is a group of few powerful buyers that demand the majority of goods and services purchased. Monopsonies and oligopsonies...
- market structure consisting of both a monopoly (a single seller) and a monopsony (a single buyer). Bilateral monopoly is a market structure that involves...
- however, minimum wages can increase the efficiency of the labor market in monopsony scenarios, where individual employers have a degree of wage-setting power...
- Labour economics s****s to understand the functioning and dynamics of the markets for wage labour. Labour is a commodity that is supplied by labourers,...
- discrimination disappear in the long run even under stylized models. In monopsony theory, which describes situations where there is only one buyer (in this...
- firms. Game theory can elucidate behavior in duopolies and oligopolies. A monopsony is a market where there is only one buyer and many sellers. A bilateral...
- Economists have subsequently characterized the NCAA as a cartel and collusive monopsony. Pro-rating payouts to Division I basketball players in proportion to...
- Competition, Robinson coined the term "monopsony", which is used to describe the buyer converse of a seller monopoly. Monopsony is commonly applied to buyers of...