monopsony

monopsony
The existence of only one buyer in a market, forcing sellers to accept a lower price than the socially optimal price. Bloomberg Financial Dictionary

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monopsony mo‧nop‧so‧ny [məˈnɒpsəni ǁ -ˈnɑː-] noun [uncountable]
ECONOMICS a situation where there are many sellers but only one buyer for a product or service:

• Many government bureaux are in the position of monopsony in buying labour, such as firemen, army officers and policemen.

— monopsonist noun [countable]

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monopsony UK US /məˈnɒpsəni/ noun ECONOMICS
[U] a situation in a market in which there is only one buyer for goods or services offered by several sellers: »

Since most of the biggest marketplaces are run by buyers, they tend to risk monopsony.

[C] a buyer who is the only one in a market in which the goods or services are offered by several sellers: »

People have accused the big wine buyer of being a monopsony.

monopsonist noun [C]
»

For many years the steel industry has acted as a monopsonist.


Financial and business terms. 2012.

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Look at other dictionaries:

  • monopsony — [mō näp′sə nē] n. pl. monopsonies [ MON(O) + Gr opsōnia, a purchase of fish, catering < opsōnein, to buy victuals < opson, cooked food, fish < o , with + base of psōmos, a morsel] Econ. a situation in which there is only one buyer for a… …   English World dictionary

  • Monopsony — In economics, a monopsony (from Ancient Greek μόνος (monos) single + ὀψωνία (opsōnia) purchase ) is a market form in which only one buyer faces many sellers. It is an example of imperfect competition, similar to a monopoly, in which only one… …   Wikipedia

  • monopsony — monopsonist, n. monopsonistic, adj. /meuh nop seuh nee/, n., pl. monopsonies. the market condition that exists when there is one buyer. Cf. duopsony, oligopsony. [1930 35; MON + Gk opsonía shopping, purchase of provisions] * * * In economic… …   Universalium

  • Monopsony — A market similar to a monopoly except that a large buyer not seller controls a large proportion of the market and drives the prices down. Sometimes referred to as the buyer s monopoly. People have accused Ernest and Julio Gallo (the big wine… …   Investment dictionary

  • monopsony — /mə nɒpsəni/ noun a situation where there is only one buyer for a particular product or service ● Monopsony gives the buyer leverage in demanding a low price …   Marketing dictionary in english

  • monopsony — noun (plural nies) Etymology: mon + opsony (as in oligopsony) Date: 1933 an oligopsony limited to one buyer • monopsonistic adjective …   New Collegiate Dictionary

  • monopsony — noun /məˈnɒpsəni/ A market situation in which there is only one buyer for a product. Ant: monopoly …   Wiktionary

  • monopsony — mÉ™ nÉ‘psÉ™nɪ / nÉ’p n. condition in which there is one consumer who has a monopoly which enables him to dictate prices and salary …   English contemporary dictionary

  • Monopsony —   The only buyer with control over market purchases.   California Energy Comission. Dictionary of Energy Terms …   Energy terms

  • monopsony — [mə nɒpsəni] noun (plural monopsonies) Economics a market situation in which there is only one buyer. Origin 1930s: from mono + Gk opsōnein buy provisions + y3 …   English new terms dictionary

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