Monopsony in Law and Economics

摘要

For many years, academics have given relatively short shrift to the issues associated with "monoposony"-a market condition in which there is a single (or dominant) buyer of a well-specified good or service. Monopsonistic behavior is given little attention in core economics programs, for instance, and the topic is treated by academics as more of a curiosity than a serious area of study as deserving as research on monopolistic behavior. This lack of attention could be because economists generally are not troubled by market outcomes that lower prices (including input prices) and because of the limited degree to which consumer protection-a central factor in antitrust-is associated with monopsony.