tutor2u | Monopsony power - should car washes be licenced?

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Monopsony power - should car washes be licenced?

Graham Watson

15th November 2018

This is an interesting article, because it counters the prevailing wisdom. For the most part, we talk about removing regulation - i.e. deregulation - to increase efficiency. However, in this case there's a call for increased regulation to stop 'modern slavery' - and, in essence, to protect employers abusing their monopsony position.

The Gig Economy - Revision Webinar

Graham Watson

Graham Watson has taught Economics for over twenty years. He contributes to Tutor2U, reads voraciously and is interested in all aspects of Teaching and Learning.


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