monopsonistic
1
9.9
- adjective
- /ˌmɒnəpˈsɒnɪstɪk/
- Specialized
- The small town's economy is monopsonistic because only one company employs most of the workers.
- monopsonistic effects
Examples
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And in Peru, a pernicious monopsonistic marketing system imposes a range of constraints upon smallholder capacity to invest in ecologically sound farming practices.
Academic text (1994) -
Before long, the market for baseball players no longer exhibited monopsonistic characteristics to the same degree it did prior to 1976.
Academic text (1991) -
The last two have a significant effect on the monopsonistic consequences of supplementarity.
Academic text (2000) -
It is monopsonistic, with only a few firms employing the majority of nurses.
Academic text (1997) -
What should be clear, however, is that as soon as the import restriction binds, the monopsonistic effects shown in Figures 4 and 5 will appear.
Academic text (2000) -
Monopsonistic effects are illustrated most easily by assuming a competitive market in which all agents are price takers.
Academic text (2000) -
The supplementarity condition in the Kyoto Protocol is an invitation to the exercise of monopsonistic power.
Academic text (2000) -
These results describe the effects of the exercise of market power by buyers, what we loosely term "monopsony," yet none of these studies state explicitly that the implementation of supplementarity necessarily entails monopsonistic effects.
Academic text (2000) -
Once past its infatuation for "development planning," the World Bank at the beginning of the 1980s recognized that the Côte d'Ivoire state had become the principal obstacle to economic growth, primarily through its monopsonistic practices.
Academic text (1998) -
The monopsonistic constraint has, however, already been broken in the case of the UK—Western Europe's second largest gas producer—where exploration and producing companies are no longer dependent on a single gas purchaser's decision as to whether or not to buy the available gas.
Academic text (1992)
How Concentrated
Surface Forms
Morphology
Etymology
Monopsonistic comes from the part mono- meaning 'one' and the old Greek root -opsony meaning 'to buy', and it is like monopoly but on the buyer's side. So a monopsonistic market is one where a single buyer has most of the power over sellers or workers.