1.

Record Nr.

UNINA9910785199203321

Autore

Blair Roger D.

Titolo

Monopsony in law and economics / / Roger D. Blair, Jeffrey L. Harrison [[electronic resource]]

Pubbl/distr/stampa

Cambridge : , : Cambridge University Press, , 2010

ISBN

0-511-85064-6

1-107-20814-9

1-282-77154-X

9786612771545

0-511-77876-7

0-511-90157-7

0-511-79921-7

0-511-90236-0

0-511-79781-8

0-511-90078-3

Edizione

[2nd ed.]

Descrizione fisica

1 online resource (xiv, 247 pages) : digital, PDF file(s)

Disciplina

343.73/0721

Soggetti

Antitrust law - Economic aspects - United States

Monopsonies - United States

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Note generali

Title from publisher's bibliographic system (viewed on 05 Oct 2015).

Nota di bibliografia

Includes bibliographical references and index.

Nota di contenuto

Introduction -- The antitrust laws and monopsonistic forms of conduct -- Economic theory of monopsony -- The antitrust response to monopsony and collusive monopsony -- Cooperative buying efforts -- Bilateral monopoly -- Monopsony and antitrust enforcement -- Monopsony in action : agricultural markets -- Monopsony in action: the NCAA -- Monopsony in action : physician collective bargaining : monopoly or bilateral monopoly -- Final comments.

Sommario/riassunto

Most readers are familiar with the concept of a monopoly. A monopolist is the only seller of a good or service for which there are not good substitutes. Economists and policy makers are concerned about monopolies because they lead to higher prices and lower output. The topic of this book is monopsony, the economic condition in which there



is one buyer of a good or service. It is a common misunderstanding that if monopolists raise prices, then monopsonists must lower them. It is true that a monopsonist may force sellers to sell to them at lower prices, but this does not mean consumers are better off as a result. This book explains why monopsonists can be harmful and the way law has developed to respond to these harms.