|Series||S. hrg -- 108-478|
|The Physical Object|
|Pagination||iv, 169 p. ;|
|Number of Pages||169|
Monopsony issues in agriculture: buying power of processors in our nation's agricultural markets: hearing before the Committee on the Judiciary, United States Senate, One Hundred Eighth Congress, first session, Octo Competition and Regulation in Agriculture: Monopsony Buying and Joint Selling The OECD Competition Committee debated competition and regulation in agriculture in June This document includes an executive summary and the documents from the meeting: an analytical note by Mr. Sean Ennis of the OECD, written submissions fromFile Size: 1MB. MONOPSONY IN LAW AND ECONOMICS 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 degree of monopsony power in agricultural labour markets, and the impact of the agricultural minimum wage: an application to craft workers in England and Wales. Applied Economics: Vol. 33, No. 14, pp. Cited by: 2.
Agriculture often appears to be one of the most difficult industries, frequently leading to some form of market failure. In the EU and US, agriculture is the most heavily subsidised industry, yet despite the cost of the subsidy it fails to address many issues relating to agriculture. Agriculture and Animal Husbandry. This book covers the following topics: Study of Soil and Climate, Plant Nutrients, Manures and Fertilizers, Field Crops, Horticulture Crops, Different diseases of Crop Plants, Pests of Crops Plants, Weeds and Weed Control, Plant Propagation and Nursery, Advance Techniques in Agriculture, Green House and Poly House, Feeds and Fodders, study of Cattle, Missing: Monopsony. Agricultural labour was drawn away and the sector had to offer higher wages merely to mitigate, not reverse, the outflow. Agricultural employment in was almost at the same level as in despite a larger workforce. Consequently, the share of employment in the agricultural sector fell from per cent in to per cent in Missing: Monopsony. Book Description. Monopsony in Law and Economics provides a comprehensive examination of the economic analysis of monopsony, the economic condition in which there is a single buyer of a good or service. It also examines the substantive and procedural aspects of antitrust law as they apply to by:
History. Monopsony theory was developed by economist Joan Robinson in her book The Economics of Imperfect Competition (). Economists use the term "monopsony power" in a manner similar to "monopoly power" as a shorthand reference for a scenario in which there is one dominant power in the buying relationship, so that power is able to set prices to maximize profits not subject to competitive. J.D. Matsudaira, in Encyclopedia of Health Economics, Employer Concentration or Collusion. The most straightforward case of monopsony arises when a single firm constitutes the only buyer of labor in a particular market. The classic work of Bunting () showed that high employer concentrations were rare for the US labor market as a whole, leading many economists to dismiss the relevance. The book showcases the power of economic principles to explain and predict issues and current events in the food, agricultural, agribusiness, international trade, labor markets, and natural resource sectors. The field of agricultural economics is relevant, important and Edition: 2nd Edition. The effect of land use regulations on farmland protection and non-agricultural land conversions in China. by Man Li. Read the article online here! An honourable mention is given to: Closures of coal‐fired power stations in Australia: local unemployment effects. by Paul J. Burke, Rohan Best and Frank JotzoMissing: Monopsony.