Monopsony

Monopsony is hardly an arrangement for getting the best price for anything (ask the US military).

Tax Cuts for the Rich, Arnold Kling | EconLog | Library of Economics and Liberty 2009

Monopsony is the flip side of monopoly — unlike the latter, in which a market is dominated by one seller, in monopsony, a market is dominated by one buyer.

Bread and Roses Matthew Guerrieri 2008

Monopsony is the flip side of monopoly — unlike the latter, in which a market is dominated by one seller, in monopsony, a market is dominated by one buyer.

Archive 2008-05-01 Matthew Guerrieri 2008

Monopsony occurs when a single buyer negotiates prices with several competing sellers (as opposed to monopoly, where there are many buyers but one seller).

The Dangers of Fannie Mae Health Care 2009

Duncan Black is a “recovering” economist and he weighs in on the minimum wage debate in a post entitled Monopsony:

Minimum Wage: Atrios Speaks, You Listen 2006

Duncan Black is a “recovering” economist and he weighs in on the minimum wage debate in a post entitled Monopsony:

In Defense of Corporate Taxes 2006

Monopsony negotiating power will generate lower prices, so many consumers will switch to a public plan.

The Dangers of Fannie Mae Health Care 2009

What you have when the government is the only buyer is a Monopsony.

The Volokh Conspiracy » “Fannie Mae Health Care”: 2009

Monopsony power, like monopoly power, results in economic inefficiency.

Republicans Complain Minimum Wage Increase Does Not Cover Pacific Island Economy 2007

Monopsony in Motion stands apart by analyzing labor markets from the real-world perspective that employers have significant market or monopsony power over their workers.

Minimum Wage: Atrios Speaks, You Listen 2006