Oligopsony power with uniform spatial pricing: theory and application to milk processing in Spain
研究了空间市场中买方寡头垄断力量的理论与实证，发现企业可能将价格设定在垄断水平以上以减少直接竞争，并用西班牙阿斯图里亚斯地区牛奶加工企业的面板数据验证了理论预测。
This study presents a conceptual and empirical analysis of buyer oligopsony power in a spatial markets setting. The conceptual model analyses behaviour in a market with uniform spatial prices and Löschian conduct. A key result is that firms may set prices above the monopsony level to minimise direct competition among themselves. The empirical analysis focuses on the purchase of milk in the Asturias region of Spain and utilises a panel of firm-level data to study the determinants of milk processors' pricing behaviour. Estimation results strongly support the predictions of the theoretical model.