duopsony

English

Alternative forms

  • dyopsony

Etymology

By analogy with monopsony based on Ancient Greek δύο (dúo, “two”) + ὀψωνία (opsōnía, “purchase”).

Noun

duopsony (plural duopsonies)

  1. An economic condition in which two buyers exert control over the market price of a commodity.
    • 2009 October 1, Boris Hirsch, “THE GENDER PAY GAP UNDER DUOPSONY: JOAN ROBINSON MEETS HAROLD HOTELLING”, in Scottish Journal of Political Economy, volume 56, number 5, →DOI, pages 543-558:
      In this paper we will utilise a simple Hotelling-style duopsony model of the labour market to analyse the link between gender differences in mobility patterns, the gender pay gap, and Robinsonian discrimination.

Derived terms

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