duopsony

Valid in Scrabble

Scrabble points
14
Words With Friends
16
Letters
8

Definition of duopsony

1 sense · 1 part of speech · etymology included

noun

  1. An economic condition in which two buyers exert control over the market price of a commodity.
    “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.”

Definitions from Wiktionary, CC BY-SA.

Etymology

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

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