duopsony

noun

1. An economic condition in which two buyers exert control over the market price of a commodity.

   In this paper we will utilise a simple Hotelling-style duopsony model of the labour market to analyse the link between gender differences in mobility patterns, the gender pay gap, and Robinsonian discrimination.

Where it comes from

By analogy with monopsony based on Ancient Greek δύο (dúo, “two”) + ὀψωνία (opsōnía, “purchase”).

Adapted from the Wiktionary entry duopsony (CC BY-SA 4.0).

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