• Space/Science
  • GeekSpeak
  • Mysteries of
    the Multiverse
  • Science Fiction
  • The Comestible Zone
  • Off-Topic
  • Community
  • Flame
  • CurrentEvents

Recent posts

The destruction of Goddard is illegal RL October 31, 2025 9:41 am (Space/Science)

Weighing the scales on Elon Musk BuckGalaxy October 30, 2025 9:28 pm (Flame)

Bunker Envy ? podrock October 30, 2025 6:18 pm (CurrentEvents)

Message in a bottle BuckGalaxy October 29, 2025 10:55 am (Off-Topic)

According to some, we're a nation of illiterate dependents looking for a handout RobVG October 27, 2025 8:56 pm (CurrentEvents)

The 1% RobVG October 27, 2025 10:54 am (Off-Topic)

Parting Shot ER October 27, 2025 4:36 am (Off-Topic)

Space X put on notice RobVG October 20, 2025 4:55 pm (Space/Science)

There is no bottom to this barrel... RL October 19, 2025 5:40 pm (CurrentEvents)

John Wheeler's philosophy: "Beyond the Black Hole" RL October 16, 2025 10:00 pm (Space/Science)

Brosz baffled, Bondi busts Bolton ER October 16, 2025 2:08 pm (CurrentEvents)

Things I learned today June 6, 2011 9:55 pm TB

A phrase from “Zero Punctuation:”

“More assholes than a donkey in an iron maiden.”

A new economic term: “Monopsony,” from a presentation on the economics of space flight.

From ancient Greek μόνος [monos] “single” + ὀψωνία [opsōnia] “purchase.” It means a market in which only one buyer faces many sellers. An example of imperfect competition, similar to a monopoly, in which only one seller faces many buyers. As the only purchaser of a good or service, the “monopsonist” may dictate terms to its suppliers in the same manner that a monopolist controls the market for its buyers.

In this case, it referred to companies who only do business with the government, common in the defense and space industries.

  • Here's an example from the private sector, rock band managers who negotiate ridiculous contract provisions with concert promoters. (Party of ... by ER 2011-06-07 04:41:18

    Search

    The Control Panel

    • Log in
    • Register