Monopsony in Law and Economics

by Harrison Jeffrey L., Roger D. Blair, Jeffrey L. Harrison

Book Overview

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...

• Format: Paperback
• Language: English
• ISBN: 0521746086
• ISBN13: 9780521746083
• Release Date: September 2010
• Publisher: Cambridge University Press
• Length: 262 Pages
• Weight: 0.79 lbs.
• Dimensions: 0.7" x 6.0" x 8.9"