MONOPSONY IN LAW AND ECONOMICS by Roger D. Blair, Jeffrey L. Harrison ( 9780521746083 )

Item Details

Title:

MONOPSONY IN LAW AND ECONOMICS

By:

Roger D. Blair, Jeffrey L. Harrison

Format:

Paperback

List price:

£20.99

Our price:

£18.37

Discount:

12.5% off

You save:

£2.62

ISBN 10:

0521746086

ISBN 13:

9780521746083

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Publisher:

CAMBRIDGE UNIVERSITY PRESS

Pub. date:

6 September, 2010

Edition:

Revised edition

Pages:

262

Description:

Provides a comprehensive examination of the economic analysis of monopsony.

Synopsis:

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.

Illustrations:

16 b/w illus. 7 tables

Publication:

Imprint:

Cambridge University Press

Returns:

Returnable

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