Monopsony

In economics, a monopsony is a market structure in which a single buyer substantially controls the market as the major purchaser of goods and services offered by many would-be sellers. The microeconomic theory of monopsony assumes a single entity to have market power over all sellers as the only purchaser of a good or service. This is a similar power to that of a monopolist, which can influence the price for its buyers in a monopoly, where multiple buyers have only one seller of a good or service available to purchase from.

Wikipedia

Publications

NBER: National Bureau of Economic Research · 3 May 2024 English

Multi-establishment firms account for around 60% of U.S. workers' primary employers, providing ample opportunity for workers to change their work location without changing their employer. Using U.S. matched employer-employee data, …

A related literature measures the extent of monopsony power within U.S. labor markets and chronicles


NBER: National Bureau of Economic Research · 3 May 2024 English

Worker shortages are common in many industries. This paper examines the effect of government subsidies to address these shortages in the context of a reform that tied Medicaid payments to …

2022, 57 (2), 322–332. Matsudaira, Jordan D, “Monopsony in the low-wage labor market? Evidence from minimum


NBER: National Bureau of Economic Research · 3 May 2024 English

Using linked employer-employee data from Brazil, we document a large gender pay gap due to women working at lower-paying employers with better nonpay attributes. To interpret these facts, we develop …

taste-based discrim- ination (Becker, 1971), and monopsony power (Robinson, 1933). The model features pay taste-based discrimination (Becker, 1971), and monopsony power (Robinson, 1933). Third, we simulate a series search frictions give rise to gender- specific monopsony power (Robinson, 1933) across firms, which results function ψw g (·), which depends on gender- specific monopsony power. Compensating differentials shape equilibrium (2023) for a comprehensive study of gender-specific monopsony power in the Brazilian textile sector. 33 Figure


RIS: Research and Information System for Developing Countries · 25 April 2024 English

Emerging Scenario and the Need for Renewed Attention to the Agriculture Sector in the BIMSTEC Region In spite of its declining share in the GDP, agriculture continues to remain a …

government-controlled market-yards are characterised by the monopsony of a few licenced traders and the inability of


NBER: National Bureau of Economic Research · 25 April 2024 English

In this article we revive, extend and improve the approach used in a series of influential papers written in the 2000s to estimate how changes in the supply of immigrant …

some of them are summarized in Tumen (2015). 2 monopsony power of firms at the local level in models that the local area literature, and the focus on monopsony power of firms has limitations. In particular groups. Third, and most importantly, the focus on monopsony effects or the role of minimum wage present immigration


FOEI: Friends of the Earth International · 25 April 2024

The dynamics of false solutions 12 Characteristics of false solutions 13 False solutions reinforce the power of agribusiness 13 False solutions are used to perpetuate and disseminate false narratives 15 …

gives Walmart its contracts with dairy farmers.13 monopsony power;i this market domination Yet Walmart claims own production to undercut 2019 and 2021.19 i A monopsony is a market condition in which there is only one


Brookings Institution · 23 April 2024 English

The extraordinary and surprising increase in the creation and ownership of employer businesses since 2020 has been concentrated among certain demographic groups. Figure 1 shows, relative to the fourth quarter …

Proposal for Protecting Low-Income Workers from Monopsony and Collusion.” The Hamilton Project, Brookings


CE Delft · 10 April 2024 English

The costs to society are considered as ‘external costs’ by producers and consumers: yet society pays the bill in the form of a reduction of the overall level of welfare. …

land ownerships, subsidies through the CAP and monopsony in retail may distort the price signal to producers


CIGS: Canon Institute for Global Studies · 2 April 2024 English

The strong co-movement between the changes in the aggregate number of suppliers (∆vt) and the aggregate rate of adoption (sN,t) shows that fluctuations in the aggregate number of suppliers are …

market concentration: Search complementarities and monopsony power. Journal of Monetary Economics 121, 62–90


Australian Council of Trade Unions · 28 March 2024 English

Profit growth has been solid and broad-based in the non-mining sector and across both large and small businesses, even in the face of a slowing economy. [...] Given the nil …

of power over their consumers, or a level of monopsony power over their supply chain and workforce. ACTU Sosinskiy D (2024), “Minimum Wage Effects and Monopsony Explanations,” University of California Davis positive employment effects. The exercise of monopsony power by large employers in concentrated labour


View more