Monopsony in Law and Economics Hardback
by Roger D. (University of Florida) Blair, Jeffrey L. (University of Florida) Harrison
Hardback
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Description
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.
Information
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Available to Order - This title is available to order, with delivery expected within 2 weeks
- Format:Hardback
- Pages:264 pages, 7 Tables, unspecified; 16 Line drawings, unspecified
- Publisher:Cambridge University Press
- Publication Date:06/09/2010
- Category:
- ISBN:9780521762304
Information
-
Available to Order - This title is available to order, with delivery expected within 2 weeks
- Format:Hardback
- Pages:264 pages, 7 Tables, unspecified; 16 Line drawings, unspecified
- Publisher:Cambridge University Press
- Publication Date:06/09/2010
- Category:
- ISBN:9780521762304