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Monopoly and Monopsony Power in a Market for Mud

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Listed:
  • Edward Scahill

    (University of Scranton)

Abstract

This article describes an unusual market I use in my intermediate microeconomics courses to illustrate characteristics of monopoly and monopsony power. For over sixty years the ...

Suggested Citation

  • Edward Scahill, 2020. "Monopoly and Monopsony Power in a Market for Mud," Journal of Economics Teaching, Journal of Economics Teaching, vol. 5(1), pages 30-36, May.
    • Handle: RePEc:jtc:journl:v:5:y:2020:i:1:p:30-36
    as

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    References listed on IDEAS

    as
    1. Walter C. Neale, 1964. "The Peculiar Economics of Professional Sports," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 78(1), pages 1-14.
    2. Preston R. Fee & Hugo M. Mialon & Michael A. Williams, 2004. "What Is a Barrier to Entry?," American Economic Review, American Economic Association, vol. 94(2), pages 461-465, May.
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    More about this item

    Keywords

    monopoly; monopsony;

    JEL classification:

    • A21 - General Economics and Teaching - - Economic Education and Teaching of Economics - - - Pre-college
    • A22 - General Economics and Teaching - - Economic Education and Teaching of Economics - - - Undergraduate

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