Thursday, November 25, 2004
It's a psony
Here's an article on monosopnistic competition, including references to the oligopsony that is Major League Baseball. (Hey, I'm an economist by training, but I never get to use the word "oligopsony" in regular conversation so I'm sneaking it in here.) Just as a reminder of the reserve clause days - while the way agents work may not be the most tasteful, it's not like teams are fully altruistic either.
Here's an article on monosopnistic competition, including references to the oligopsony that is Major League Baseball. (Hey, I'm an economist by training, but I never get to use the word "oligopsony" in regular conversation so I'm sneaking it in here.) Just as a reminder of the reserve clause days - while the way agents work may not be the most tasteful, it's not like teams are fully altruistic either.
Singapore Sox Fan
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