About | HeinOnline Law Journal Library | HeinOnline Law Journal Library | HeinOnline

53 Antitrust Bull. 241 (2008)
Defining Buyer Power

handle is hein.journals/antibull53 and id is 263 raw text is: THE ANTITRUST BULLETIN: Vol. 53, No. 2/Summer 2008 : 241

Defining buyer power
A casual reader of the literature on buyer power can be forgiven for
feeling confused about what buyer power means. There are numerous
definitions of buyer power that differ in both form and substance.
Compounding the confusion is an array of terms that are often men-
tioned in relation to buyer power, such as buying power, monopsony
power, countervailing power, and bargaining power. But the relation-
ships between these terms are not always clear.
Through this article I hope to clear the confusions surrounding the
meaning of buyer power. In section II of the article, I will review a
number of existing definitions of buyer power and examine their
relationships to monopsony power, countervailing power, and
bargaining power. In section III, I will present my preferred definition
of buyer power and emphasize the distinction between monopsony
power and countervailing power. Finally, I will offer a few concluding
remarks in section IV.
*  Professor of Economics, Carleton University, and Senior Consultant,
Delta Economics Group.
AUTHOR'S NOTE: For comments and discussions I thank an anonymous referee, Bert
Foer, Paul Dobson, Gregory Gundlach, Jack Kirkwood, and other participants at the
AAI Invitational Symposium on Buyer Power in June 2007.

© 2008 by Federal Legal Publications, Inc.

What Is HeinOnline?

HeinOnline is a subscription-based resource containing thousands of academic and legal journals from inception; complete coverage of government documents such as U.S. Statutes at Large, U.S. Code, Federal Register, Code of Federal Regulations, U.S. Reports, and much more. Documents are image-based, fully searchable PDFs with the authority of print combined with the accessibility of a user-friendly and powerful database. For more information, request a quote or trial for your organization below.

Short-term subscription options include 24 hours, 48 hours, or 1 week to HeinOnline.

Contact us for annual subscription options:

Already a HeinOnline Subscriber?

profiles profiles most