- bilateral monopoly noun [C] (plural bilateral monopolies) ECONOMICS► a situation in which there is only one buyer and only one seller in a market: »
In a bilateral monopoly, the one supplier will look to charge a high price, and the lone buyer will want to pay the lowest possible price.
Financial and business terms. 2012.
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Bilateral monopoly — In a bilateral monopoly there is both a monopoly (a single seller) and monopsony (a single buyer) in the same market. A bilateral monopoly model is often used in situations where the switching costs of both sides are prohibitively high. Bilateral … Wikipedia
bilateral monopoly — A situation in which a monopoly seller bargains with a monopoly buyer (see monopsony). The classic application of bilateral monopoly is to the negotiation of wages between a union and a firm. The most famous solution (1950) is that stated by John … Big dictionary of business and management
Bilateral Monopoly — A market that has only one supplier and one buyer. The one supplier will tend to act as a monopoly power, and look to charge high prices to the one buyer. The lone buyer will look towards paying a price that is as low as possible. Since both… … Investment dictionary
bilateral monopoly — Econ a market in which there is a single seller and a single buyer … The ultimate business dictionary
bilateral monopoly — noun : a market condition in which only one buyer or one group of associated buyers confronts only one seller or one group of associated sellers … Useful english dictionary
monopoly — Absolute control of all sales and distribution in a market by one firm, due to some barrier to entry of other firms, allowing the firm to sell at a higher price than the socially optimal price. Bloomberg Financial Dictionary * * * monopoly… … Financial and business terms
Monopoly — This article is about the economic term. For the board game, see Monopoly (game). For other uses, see Monopoly (disambiguation). Competition law Basic concepts … Wikipedia
Двусторонняя монополия — BILATERAL MONOPOLY Рынок, состоящий из одного продавца и одного покупателя. См. Monopoly, Monopsony … Словарь-справочник по экономике
Monopsony — In economics, a monopsony (from Ancient Greek μόνος (monos) single + ὀψωνία (opsōnia) purchase ) is a market form in which only one buyer faces many sellers. It is an example of imperfect competition, similar to a monopoly, in which only one… … Wikipedia
Монополия — (monopoly) Рынок, на котором действует единственный продавец (производитель). В том случае, когда имеется единственный продавец и единственный покупатель, ситуация называется двусторонняя монополия (bilateral monopoly) (cм. также:… … Словарь бизнес-терминов