Segmented market
From Hobson's Choice
Markets that are so sharply divided that both producers and consumers face severely limited options. For example, in a company town the labor market is a monopsony (there is only one employer) and the company store enjoys a monopoly (there is only one place to buy anything).
The most familiar examples of this are electric power markets and racial discrimination.
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See Also
monopolistic competition
monopoly
monopsony
oligopoly
Returns to Factors
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External Links
- R. Andrew Muller, Stuart Mestelman, John Spraggon, & Rob Godby "Can Double Auctions Control Monopoly and Monopsony Power in Emissions Trading Markets?"
McMaster University (2001)
James R MacLean (12:46, 15 November 2007 (PST))
