Monopsony Theory Revisited
Titre | Monopsony Theory Revisited |
Type de publication | Chapitre d'ouvrage |
Année de publication | 2018 |
Langue | Anglais |
Titre de l'ouvrage | The Economic Theory of Costs: Foundations and New Directions |
Collection | Routledge Frontiers of Political Economy |
Pagination | 169-89 |
Auteur(s) | Méra, X. |
Editeur | Routledge |
Ville | New York, USA |
Numéro ISBN | 978-1-138-67093-8 |
Mots-clés | monopoly, monopsony |
Résumé | Standard monopsony theory, old and new, lacks a realistic criterion to distinguish between monopsony and competitive prices. Consequently, prominent Austrian critics have by and large dismissed it. However, the idea that human action occurs in discrete steps, and consequently that the elasticity of the supply schedules of the factors of production, as well as the elasticity of the demand schedules for their products, can be altered as a result of coercion, lead to a theory of "monopoly price-gap", with monopoly and monopsony prices as two features of the same phenomenon. |
URL | https://hal.archives-ouvertes.fr/halshs-01519191/ |
DOI | 10.4324/9781315617336 |