Monopsony in Law and Economics (Paperback, Revised edition)

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.

General

Imprint:	Cambridge UniversityPress
Country of origin:	United Kingdom
Release date:	September 2010
First published:	2010
Authors:	Roger D. Blair • Jeffrey L Harrison
Dimensions:	227 x 152 x 15mm (L x W x T)
Format:	Paperback - Trade
Pages:	247
Edition:	Revised edition
ISBN-13:	978-0-521-74608-3
Categories:	Books > Business & Economics > Economics > Microeconomics > General Books > Law > Laws of other jurisdictions & general law > Financial, taxation, commercial, industrial law > Competition law
LSN:	0-521-74608-6
Barcode:	9780521746083

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