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

• duopsonist, duopsonistic, duopsonistically