monopsony Archives - Econlife

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MLB gender report

The Market System

When $430 Million Is Not Enough

Whether looking at Mike Trout’s $430 million or a newly drafted player, we see athletes whose baseball salaries are called underpaid.

Misery index

Why Mickey Mouse Worries About Monopsonies

No, we don’t mean monopoly. A monopoly is the single seller in a large or small geographic area. Monopsony, by contrast, indicates there is a single buyer. Where are we going? Whereas a monopoly has the power to charge too high a price, the amount…