Definition of oligopsony in English:
oligopsony
nounPlural oligopsonies ɒlɪˈɡɒps(ə)niˌɑləˈɡɑpsəni
A state of the market in which only a small number of buyers exists for a product.
Example sentencesExamples
- They concluded that increased beef packer margins in the last few years had stemmed from oligopsony power among packers.
- An oligopsony is a market in which there are many sellers, but few buyers.
- Competition among hiring firms had given way to what would today be called oligopsony or monopsony.
- There may have been instances of monopsony or oligopsony in the 19th century, but they were short-lived.
- Economists refer to this as an oligopsony: a market with few buyers.
- The regional firm-level indices are derived for oligopsony / oligopoly in recycled newsprint mills for the years 1972-1995.
- The present investigation is significant for three reasons: landfill crisis, limited effectiveness of government policies in the presence of market power, and theoretical and empirical contributions to the theory of oligopsony.
- The objectives of this study were to investigate the possible existence of oligopsony elements in the ONP input market among recycled newsprint producers in the United States.
- This paper identifies oligopsony characteristics associated with the old newspaper (ONP) input market for recycled-content newsprint manufacture and then examines the impacts of market performances on ONP input prices.
- This study postulates that oligopsony power will have a negative effect on ONP input prices in the absence of other powerful buyers or rivals, and the intensity of the negative effect is reduced with the presence of other powerful rivals.
- Using modern terms, in labor markets oligopsony or monopsony emerges, and market imperfections and a zero reservation price for labor exist.
- With Equation, regional oligopsony / oligopoly indices are constructed.
Derivatives
adjective
Three market observations indicate the possible existence of oligopsonistic elements in the ONP market: the existence of barriers to entry; relatively few buyers and many sellers; and historically large price variations.
Example sentencesExamples
- The oligopsonistic behavior of ONP buyers led to greater price distortions in all four regions.
- The farm sector is not receiving that money because of the oligopsonistic [buyer shared monopoly] meat packers, and the oligopsonistic retailers have positioned themselves to capture the bulk of that profit.
Origin
1940s: from oligo- 'small number' + Greek opsōnein 'buy provisions', on the pattern of monopsony.
Definition of oligopsony in US English:
oligopsony
nounˌɑləˈɡɑpsəniˌäləˈɡäpsənē
A state of the market in which only a small number of buyers exists for a product.
Example sentencesExamples
- This study postulates that oligopsony power will have a negative effect on ONP input prices in the absence of other powerful buyers or rivals, and the intensity of the negative effect is reduced with the presence of other powerful rivals.
- An oligopsony is a market in which there are many sellers, but few buyers.
- Competition among hiring firms had given way to what would today be called oligopsony or monopsony.
- This paper identifies oligopsony characteristics associated with the old newspaper (ONP) input market for recycled-content newsprint manufacture and then examines the impacts of market performances on ONP input prices.
- The regional firm-level indices are derived for oligopsony / oligopoly in recycled newsprint mills for the years 1972-1995.
- They concluded that increased beef packer margins in the last few years had stemmed from oligopsony power among packers.
- Using modern terms, in labor markets oligopsony or monopsony emerges, and market imperfections and a zero reservation price for labor exist.
- Economists refer to this as an oligopsony: a market with few buyers.
- The present investigation is significant for three reasons: landfill crisis, limited effectiveness of government policies in the presence of market power, and theoretical and empirical contributions to the theory of oligopsony.
- With Equation, regional oligopsony / oligopoly indices are constructed.
- There may have been instances of monopsony or oligopsony in the 19th century, but they were short-lived.
- The objectives of this study were to investigate the possible existence of oligopsony elements in the ONP input market among recycled newsprint producers in the United States.
Origin
1940s: from oligo- ‘small number’ + Greek opsōnein ‘buy provisions’, on the pattern of monopsony.