The dangers of monopolies and trusts have long been clear. A company or an allied group that controls most sales of a good or service can use that power to set prices at an arbitrarily high level.
Ezra Klein thinks so, here is his argument: Over the past couple of weeks, I’ve talked about Wal-Mart’s near-monopsony powers, and why the perfectly rational and understandable decisions of the ...
Public Service Company of Colorado’s (PSCo) recently approved “Clean Energy Plan” will retire two coal plants and replace them with “shockingly” cheap new wind and solar projects after receiving 430 ...
An emerging labor economics literature examines the consequences of firms exercising market power in local labor markets. The extent of this market power is likely to vary across local labor markets.
This article first appeared in the Planet Money newsletter. You can sign up here. This is Part 2 of the Planet Money newsletter's series on "monopsony power." The first story centered on the labor ...
For the first time in decades, a dominant firm is facing a pending antitrust challenge specifically aimed at its unlawful power over labor markets. Earlier this month, the Service Employees ...
For years, the only supermarket serving the Pine Ridge Indian Reservation in southwest South Dakota was run-down and a threat to public health. Inspectors from the Indian Health Service repeatedly ...
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