11. They argued that the labour market was dominated by employers, and therefore had the same effect as monopsony . 12. The NL used its monopsony power to force a $ 2, 400 limit on annual player wages in 1894. 13. This enabled them to create a monopsony ( market conditions where there is only one buyer ) that suppressed wages. 14. Britain doesn't have price controls, it keeps prices low by the NHS being a near-monopsony . 15. Robinson's original application of monopsony ( 1938 ) was developed to explain wage differentials between equally productive women and men. 16. One complicating factor is possible monopsony in the labor market, whereby the individual employer has some market power in determining wages paid. 17. Some have criticized the FEHB model because neither the monopsony power nor purchasing power of the federal government is utilized to control costs. 18. Justice Roberts'opinion assumed perfect competition in labor markets, a lack of monopsony , no cooperate and opt out of bargaining. 19. CBOT wanted to curb the power of these monopsony / oligopsony type of buyers by making prices the same for everyone after hours. 20. Empirical estimates of e by various means are a common feature of the applied literature devoted to the measurement of observed monopsony power.
