Buyer Concentration refers to a measure of market power on the demand side of a market. It is analogous to the N-firm concentration ratio and evaluates the proportion of total market purchases made by the largest buyers.
Understanding the role and dynamics of competitive fringe firms in imperfectly competitive industries.
An in-depth look at duopsony, a market condition characterized by the presence of only two buyers, exploring its historical context, types, key events, mathematical models, significance, and more.
Fair Trade is an organized social movement and market-based approach aiming to help producers in developing countries achieve better trading conditions and promote sustainability.
An in-depth analysis of the Herfindahl Index, a key indicator used to assess the level of market concentration and firm size relative to the market size.
An in-depth analysis of Horizontal Mergers, covering their historical context, types, key events, formulas, charts, importance, examples, and more.
A comprehensive exploration of industrial concentration, its types, historical context, significance in the economy, and associated key terms. Learn about the impact of market power, government regulations, and strategic business behavior.
The Lerner Index is a measure of monopoly power, defined by L = (p − c)/p, where p is the price of the firm's output and c is the marginal cost of production.
Market Concentration: A measure of the extent to which a small number of firms dominate the total sales in a market.
Market definition is the process of identifying the firms, consumers, and products that constitute a specific market, serving as a framework for competition policy and market power analysis.
Market Power refers to the ability of a firm or group of firms to control price and output levels in the market. This includes the capacity to raise and maintain prices above what would prevail under perfect competition.
An in-depth look at market power, its determinants, implications, and examples, along with historical context and mathematical models.
Monopolization encompasses activities executed by a firm to acquire or maintain monopoly power in a market, thereby limiting competition and controlling prices.
Monopoly profit refers to the excess profits that a firm earns due to the absence of competition, allowing the firm to set prices higher than in a competitive market.
Monopoly profit refers to the profit in excess of normal profit that a firm earns by exploiting monopoly power. It indicates a deviation from economic efficiency by pricing above marginal cost.
A comprehensive examination of monopsony, a market situation where only one buyer exists, exploring its history, types, key events, mathematical models, importance, and more.
An in-depth exploration of oligopsony, a market structure with a small number of dominant buyers, its historical context, types, key events, explanations, models, and its importance and implications in modern economics.
An in-depth exploration of price squeeze, an anti-competitive practice where a monopolistic firm raises wholesale prices to drive out retail competitors.
An in-depth analysis of a monopolist, the firm or individual who is the sole producer of a good, representing the entire market supply of that good, including its types, economic implications, and historical examples.
A detailed overview of a monopsony, a unique market structure where there is only one buyer facing many sellers.
An oligopsony is a market condition where a small number of buyers substantially control the market and drive decision-making power, often resulting in unique economic dynamics. A notable example is the tobacco industry, where a few major companies purchase from numerous growers.
A comprehensive guide to understanding market power, also known as pricing power, including its definition, examples, impact, and special considerations.
An in-depth exploration of oligopsony, including its definition, mechanisms, and real-world examples, elucidating how a market dominated by few buyers operates and impacts economic dynamics.
