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The Prisoner Survives BuckGalaxy December 9, 2025 9:16 pm (Off-Topic)

La Doctrina Monroe ER December 9, 2025 9:56 am (CurrentEvents)

Its a beautiful day in the neighborhood.... ER December 8, 2025 7:04 pm (Space/Science)

Alien Physiology and the Meaning of Life BuckGalaxy December 8, 2025 5:37 pm (Off-Topic)

How we did it in the old Navy II. ER December 4, 2025 5:09 pm (CurrentEvents)

How we did it in the old Navy. ER December 4, 2025 4:17 pm (CurrentEvents)

Rocket man BuckGalaxy December 1, 2025 9:54 pm (CurrentEvents)

Yesterday was the 332nd day of the year 2025 ER November 30, 2025 1:41 pm (Space/Science)

All I know is what I see on the Internet. ER November 30, 2025 7:21 am (CurrentEvents)

I'm a California Man BuckGalaxy November 27, 2025 2:35 pm (CurrentEvents)

Collapse of the service access platform at Site 31 in Baikonur? BuckGalaxy November 27, 2025 12:54 pm (Space/Science)

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

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