Statement of Christine A. Varney, Assistant Attorney General, at the Field Hearing, 'Crisis on the Farm: The State of Cooperation and Prospects for Sustainability in the Northeast Dairy Industry' Sep 20, 2009
A number of dairy producers are concerned about the exercise of what economists call monopsony power or, to use a more descriptive term, "buyer power." Traditional monopoly power concerns a dominant producer of goods or services that may be able to charge supracompetitive prices. Monopsony is the other side of the coin ... Consolidation among or between buyers can also lead to or enhance monopsony power. (PR Newswire)
Thrill is gone for Obama and the media... Aug 24, 2009
Henry should have asked Gibbs to define monopsony: a market in which one buyer is so large that it can control suppliers and ruin competitors. Henry could then explain he d rather pay too much for the sandwich he wanted than have to eat at a government chow line opened across the street to encourage competition. (The Drudge Report)
REPORT: Feds have spent $79 billion on global warming policies,research... Jul 23, 2009
Government monopsony distorts climate science, says SPPI ... Government monopsony distorts climate science, says SPPI ... announces the publication of Climate Money, a by Joanne Nova revealing that the federal Government has a near-monopsony on climate science funding. (The Drudge Report)
Nate Silver on the Greg MankiwPaul Krugman health care feud Jul 2, 2009
The barriers to entry here are pure network effects, but are ONLY network effects if you let monopsony power (that is, power to control the price from the buy side) go unregulated so long as the Payor has it. Payors able to use monopsony power to extract sub competitive prices from docs (that is, when a doc can be forced to decide between closing his practice and leaving the area or accepting whatever terms the Payor offers, take it or leave it) derive strong protections against entry ...... (Harper's Magazine)
How to regulate the global arms market Mar 13, 2009
Domestically, most of the arms market is a monopsony one. There could be many suppliers of weapons that have the government as the only buyer. (Jakarta Post, Indonesia -- Editorial)
Lawsuit: Home insulation giant fixed prices Feb 28, 2009
That is a somewhat unusual case and is called a monopsony. The case is also unusual because class actions aren t typically brought in an antitrust, price-fixing case. (Atlanta Business Chronicle, GA)
