Technically, monopsony exists when there is but one buyer of a well Specified good or service. Thought to be rare, until recently monopsony received scant attention in most antitrust casebooks and texts. This changed somewhat in the 1990s and, as a result of a recent decision addressing monopsony conduct by the U.S. Supreme Court, monopsony has been thrust into the forefront of consideration by antitrust academics and lawyers. This is as it should be because monopsony is far more prevalent than many have recognized. Consider the following examples: The owners of professional football teams agree on which players each team will have the exclusive right to negotiate with; the National Collegiate Athletic Association (NCAA) regulates both the number of athletic scholarships and the amount of compensation that the athletes can receive. [download]
Format : Ebook.Pdf
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