The dangers of monopolies and trusts have long been clear. A company or an allied group that controls most sales of a good or service can use that power to set prices at an arbitrarily high level.
You hear it claimed relatively often today that low wage employers have monopsony power. For example, this is a sometimes cited explanation for the claim that there is no disemployment effect of the ...
because of an idea with a funny-sounding name that has been gaining currency in government offices. The idea is monopsony power, the mirror image of the better-known monopoly power but a concept that ...
Over the past several years, policy makers and economists have increasingly voiced concerns about apparent labor-market monopsonies—markets in which employers have the power to set wages—in certain ...
Public Service Company of Colorado’s (PSCo) recently approved “Clean Energy Plan” will retire two coal plants and replace them with “shockingly” cheap new wind and solar projects after receiving 430 ...
Minerva S.A. is South America's largest export beef meatpacker with a significant market share in Brazil, Paraguay, Uruguay, and Colombia. The company enjoys scale advantages and operates as a ...
Here’s today’s AdExchanger.com news round-up… Want it by email? Sign up here. Who Wants To Play Monopsony? This week, a US judge blocked a merger between Penguin Random House and Simon & Schuster, two ...
This paper uses a simple theoretical model confined to reasonable parameters to investigate the implications of improved labor rights and benefits (i.e., standards) in the export sectors of the ...
LONDON (Reuters Breakingviews) - About a century ago, the evils of monopoly inspired an eponymous board game. Is it now time for a new variation? Monopsony, a term coined in the 1930s, refers to ...
gaining currency in government offices. The idea is monopsony power, the mirror image of the better-known monopoly power but a concept that is just as old. A monopoly is one seller with many buyers, ...