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The Economics of Bargaining Power

In: Microeconomics

Author

Listed:
  • Peter Dorman

    (The Evergreen State College)

Abstract

In Chap. 5 we visited the troubled world of coffee, where growers are suffering from declining incomes and the economies of whole countries are at risk. We saw that prices fell after a supply management system was ended in 1989, and that recent increases in production capacity, combined with inelastic demand, has caused the bottom to fall out of the market. This gave us an example of the power of supply and demand analysis to explain important developments in economic and social life.

Suggested Citation

  • Peter Dorman, 2014. "The Economics of Bargaining Power," Springer Texts in Business and Economics, in: Microeconomics, edition 127, chapter 14, pages 297-313, Springer.
    • Handle: RePEc:spr:sptchp:978-3-642-37434-0_14
    DOI: 10.1007/978-3-642-37434-0_14
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