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The economics of Christmas Trees

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https://well-temperedforum.groupee.net/eve/forums/a/tpc/f/9130004433/m/6873962597

09 December 2020, 08:30 AM
jon-nyc
The economics of Christmas Trees
Interesting piece.

https://thehustle.co/the-econo...tter_impression=true


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If you think looting is bad wait until I tell you about civil forfeiture.

09 December 2020, 08:44 AM
Piano*Dad
I wonder if Holiday Tree Farms has any monopsony power.

The rest of it is just a good description of how a competitive market works, from agricultural producer up through distributor to final retail outlet.
09 December 2020, 09:59 AM
jon-nyc
It's the details that are interesting, more than the market structure.


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If you think looting is bad wait until I tell you about civil forfeiture.

09 December 2020, 11:22 AM
CHAS
Billy Dunavant's company was practically the only buyer of cotton for many years. He controlled the market.
I always called it a monopoly. Despite a number of hours of credit in economics I never encountered the term "monopsony". I suppose Dunavant had a monopsony.


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Several people have eaten my cooking and survived.

09 December 2020, 01:12 PM
Piano*Dad
Monopoly -- single seller.
Monopsony -- single buyer.