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Monopsony is the same kind of problem as monopoly, but on the buyer side. If you think we should have laws to limit monopoly power, then yes, we also should hav
by raquo 8y ago
Monopsony is the same kind of problem as monopoly, but on the buyer side. If you think we should have laws to limit monopoly power, then yes, we also should have laws to limit monopsony power. If not, then not.
We also have laws to make sure government purchases are made by means of suppliers bidding on government contracts. Giving out arbitrary tax breaks should probably go through a similar process for the same reasons.
- jimison 8y agoRight. Everybody's pointing out the race-to-the-bottom for cities, but another bad side effect is that it's unfair to competitors (particularly small and medium businesses that don't have the same sway).