10 ENGLISH BOOKS RELATING TO «MONOPSONIST»
Discover the use of
monopsonist in the following bibliographical selection. Books relating to
monopsonist and brief extracts from same to provide context of its use in English literature.
We call this single buyer a monopsonist. For example, until 1976, major league
baseball players were not allowed to bargain with more than one team
simultaneously. Thus, each baseball team was a monopsonist in the baseball
players ...
David Besanko, Ronald Braeutigam, 2010
2
Microeconomics for Today
Now we visit the isolated small town of Plainsville and find General Griffin's,
which is a monopsonist producing turkeys. As shown in Exhibit 11, the supply of
labor curve facing the monopsonist is upward sloping rather than horizontal.
3
Labor Economics 6th edition:
TABLE 4-6 Calculating the Marginal Cost of Hiring for a Nondiscriminating
Monopsonist above, the monopsonist faces an upward-sloping labor supply
curve. In addition, a perfectly discriminating monopsonist can hire different
workers at ...
In the case of a monopsonist, who is also a monopolist, both buying price and the
quantity bought are lower than they would be in a competitive situation.
APPENDIX C : BILATERAL MONOPOLY Bilateral monopoly refers to a market
situation ...
The reason is that the supply of labor that the monopsonist faces is the market
supply of labor. Marginal factor cost increases as the monopsonist buys
additional units of a factor, and the supply curve of the factor is not the same as
the firm's ...
The reason is that the supply of labor that the monopsonist faces is the market
supply of labor. Marginal factor cost increases as the monopsonist buys
additional units of a factor, and the supply curve of the factor is not the same as
the firm's ...
Case 3: A discriminating monopsonist What happens if the monopsonist can
discriminate among different units of a single type of labour that it hires? By
discrimination here we mean that the employer negotiates a different contract
with each ...
Richard Lipsey, Alec Chrystal, 2011
8
Economic Foundations of Symmetric Programming
An economic agent who is the sole buyer of all the available supply of an input is
called a monopsonist. We discuss two categories of monopsonists: the pure
monopsonist and the perfectly discriminating monopsonist. Pure Monopsonist In
...
A monopsonist firm chooses the wage that allows it to maximize its profit, taking
the labor supply function as a given. Formally, the problem of the monopsonist
firm is written this way: Max n(w) = Ls(w)(y - w) w The first-order condition of this ...
Pierre Cahuc, André Zylberberg, 2004
10
Occupational Labor Shortages: Concepts, Causes, ...
The monopsonist differs from an employer in a competitive labor market because
the monopsonist can set the wage rather than act as a price taker. The situation
for a monopsonist is illustrated in Figure 1.3. Because the monopsonist is the ...
Burt S. Barnow, John W. Trutko, Jaclyn Schede Piatak, 2013
10 NEWS ITEMS WHICH INCLUDE THE TERM «MONOPSONIST»
Find out what the national and international press are talking about and how the term
monopsonist is used in the context of the following news items.
Authors and booksellers want DOJ to investigate Amazon
... column that the online retailing giant is not so much a monopolist, but a "monopsonist, a dominant buyer with the power to push prices down.". «People's World, Jul 15»
Is minimum wage bad for poor?
A labor monopsonist, thus, has the ability to pay its workers below the market, thereby generating excess profits. An LMW forces the firm to ... «Inquirer.net, May 15»
Elon Musk Has Raided 150 People From Apple For Tesla
It's also what Marx called monopoly capitalism (although we would call it monopsonist capitalism these days) and it's very much something that ... «Forbes, Feb 15»
Make in India must help reduce import dependence of defence …
But the defence industry, unlike the automobile sector, operates in a monopsonist (single demand) market with government as the only buyer, ... «Economic Times, Jan 15»
Q&A with Cornell Rep on Big Red Impact
Donaghy said that this makes Cornell something like a “monopsonist,” that is, virtually a single buyer in the local economy. The university's “buy ... «ithaca.com, Dec 14»
Maine writers lead campaign for federal investigation of Amazon
Nobel Prize-winning columnist Paul Krugman wrote that Amazon is “a monopsonist, a dominant buyer with the power to push prices down.”. «Bangor Daily News, Dec 14»
Big Red Effect – Cornell Measures Its Own Impact on Local, State …
As a result Cornell University has become, in the context of the regional economy, a “monopsonist” or a single buyer with respect to local ... «ithaca.com, Dec 14»
Production, Politics, and People: Mixed Blessings of Natural …
... typically of non-African ethnic origin, who is both a monopolist, a purchaser of your stones, and a monopsonist supplier of food, tents, shovels ... «Council on Foreign Relations, Nov 14»
New class action claims NCAA has 'monopsony' over athletes
“Instead of a free market, a market controlled by a monopsonist is a 'take it or leave it' market.” Representing the plaintiffs are L. Timothy Fisher ... «Washington Examiner, Nov 14»
As Unemployment In UK Falls, Wages Will Obviously Rise
Marx pointed out that it was self-regulating (as long as we don't allow monopoly employers, or in the more modern word, monopsonist ... «Forbes, Nov 14»
