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Author : Donald J. Brown
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (249 download)
Download or read book Competition, Consumer Welfare and Monopoly Power written by Donald J. Brown and published by . This book was released on 2004 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Donald J. Brown
Publisher :
ISBN 13 :
Total Pages : 15 pages
Book Rating : 4.:/5 (249 download)
Download or read book Competition, Consumer Welfare and Monopoly Power written by Donald J. Brown and published by . This book was released on 2004 with total page 15 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Yoon-Ho Alex Lee
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (137 download)
Download or read book Competition, Consumer Welfare, and the Social Cost of Monopoly written by Yoon-Ho Alex Lee and published by . This book was released on 2011 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Conventional deadweight loss measures of the social cost of monopoly ignore, among other things, the social cost of inducing competition and thus cannot accurately capture the loss in social welfare. In this Article, we suggest an alternative method of measuring the social cost of monopoly. Using elements of general equilibrium theory, we propose a social cost metric where the benchmark is the Pareto optimal state of the economy that uses the least amount of resources, consistent with consumers' utility levels in the monopolized state. If the primary goal of antitrust policy is the enhancement of consumer welfare, then the proper benchmark is Pareto optimality, not simply competitive markets. We discuss the implications of our approach for antitrust law as well as how our methodology can be used in practice for allegations of monopoly power given a history of price-demand observations.
Author : iMinds
Publisher : iMinds Pty Ltd
ISBN 13 : 1921798920
Total Pages : 5 pages
Book Rating : 4.9/5 (217 download)
Download or read book Monopoly Power written by iMinds and published by iMinds Pty Ltd. This book was released on 2014-05-14 with total page 5 pages. Available in PDF, EPUB and Kindle. Book excerpt: Learn about monopoly power. Monopoly power is the ability of the dominant participant in a market to control prices. It is a sign of market failure and a major factor in antitrust investigations. Capitalist economic markets rely on competition to operate efficiently and to protect consumer welfare. When a single company controls the prices within a market, the economic welfare of the consumer is often at stake.
Author : Richard B. McKenzie
Publisher : University of Michigan Press
ISBN 13 : 0472901141
Total Pages : 554 pages
Book Rating : 4.4/5 (729 download)
Download or read book In Defense of Monopoly written by Richard B. McKenzie and published by University of Michigan Press. This book was released on 2019-02-28 with total page 554 pages. Available in PDF, EPUB and Kindle. Book excerpt: In Defense of Monopoly offers an unconventional but empirically grounded argument in favor of market monopolies. Authors McKenzie and Lee claim that conventional, static models exaggerate the harm done by real-world monopolies, and they show why some degree of monopoly presence is necessary to maximize the improvement of human welfare over time. Inspired by Joseph Schumpeter's suggestion that market imperfections can drive an economy's long-term progress, In Defense of Monopoly defies conventional assumptions to show readers why an economic system's failure to efficiently allocate its resources is actually a necessary precondition for maximizing the system's long-term performance: the perfectly fluid, competitive economy idealized by most economists is decidedly inferior to one characterized by market entry and exit restrictions or costs. An economy is not a board game in which players compete for a limited number of properties, nor is it much like the kind of blackboard games that economists use to develop their monopoly models. As McKenzie and Lee demonstrate, the creation of goods and services in the real world requires not only competition but the prospect of gains beyond a normal competitive rate of return.
Author : Robert Bork
Publisher :
ISBN 13 : 9781736089712
Total Pages : 536 pages
Book Rating : 4.0/5 (897 download)
Download or read book The Antitrust Paradox written by Robert Bork and published by . This book was released on 2021-02-22 with total page 536 pages. Available in PDF, EPUB and Kindle. Book excerpt: The most important book on antitrust ever written. It shows how antitrust suits adversely affect the consumer by encouraging a costly form of protection for inefficient and uncompetitive small businesses.
Author : Richard B. McKenzie
Publisher : University of Michigan Press
ISBN 13 : 0472126288
Total Pages : 629 pages
Book Rating : 4.4/5 (721 download)
Download or read book In Defense of Monopoly written by Richard B. McKenzie and published by University of Michigan Press. This book was released on 2019-02-28 with total page 629 pages. Available in PDF, EPUB and Kindle. Book excerpt: In Defense of Monopoly offers an unconventional but empirically grounded argument in favor of market monopolies. Authors McKenzie and Lee claim that conventional, static models exaggerate the harm done by real-world monopolies, and they show why some degree of monopoly presence is necessary to maximize the improvement of human welfare over time. Inspired by Joseph Schumpeter's suggestion that market imperfections can drive an economy's long-term progress, In Defense of Monopoly defies conventional assumptions to show readers why an economic system's failure to efficiently allocate its resources is actually a necessary precondition for maximizing the system's long-term performance: the perfectly fluid, competitive economy idealized by most economists is decidedly inferior to one characterized by market entry and exit restrictions or costs. An economy is not a board game in which players compete for a limited number of properties, nor is it much like the kind of blackboard games that economists use to develop their monopoly models. As McKenzie and Lee demonstrate, the creation of goods and services in the real world requires not only competition but the prospect of gains beyond a normal competitive rate of return.
Author : Frederic M. Scherer
Publisher :
ISBN 13 :
Total Pages : 552 pages
Book Rating : 4.3/5 (91 download)
Download or read book Monopoly and Competition Policy written by Frederic M. Scherer and published by . This book was released on 1993 with total page 552 pages. Available in PDF, EPUB and Kindle. Book excerpt: This two volume set brings together a collection of seminal writings dealing with the development of competition policy in europe, the United States and Japan. It starts by reproducing the writings of leading philosophers and scholars on the radionale and desirability of competition in market economies. These interpretations range in time of origin from ancient Greece through Adam Smith and James Madison to very recent contributions in the competition policy debate. Having established relevant philosophical foundations, the compendium presents analyses by leading British, American, German and Japanese scholars on the interpretation and administration of laws concerning price-fixing and other restrictive agreements, market dominance and monopolization, predatory practices and mergers.
Author : D. C. Cloud
Publisher : Good Press
ISBN 13 :
Total Pages : 430 pages
Book Rating : 4.4/5 (64 download)
Download or read book Monopolies and the People written by D. C. Cloud and published by Good Press. This book was released on 2019-12-18 with total page 430 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Monopolies and the People" by D. C. Cloud is a thought-provoking examination of the impact of monopolistic practices on society. Cloud delves into the history, causes, and consequences of monopolies, providing readers with a comprehensive understanding of their economic and social implications. With meticulous research and compelling arguments, Cloud highlights the dangers of unchecked monopolies and advocates for measures to protect the rights and well-being of the people. "Monopolies and the People" is an important and timely book that encourages critical thinking and raises awareness about the challenges posed by concentrated economic power.
Author : William Lee Baldwin
Publisher : Irwin Professional Publishing
ISBN 13 :
Total Pages : 558 pages
Book Rating : 4.4/5 (91 download)
Download or read book Market Power, Competition, and Antitrust Policy written by William Lee Baldwin and published by Irwin Professional Publishing. This book was released on 1987 with total page 558 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Dennis Swann
Publisher :
ISBN 13 :
Total Pages : 408 pages
Book Rating : 4.3/5 (91 download)
Download or read book Competition and Consumer Protection written by Dennis Swann and published by . This book was released on 1979 with total page 408 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Yoon-Ho Alex Lee
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (5 download)
Download or read book Competition, Consumer Welfare, and the Social Cost of Monopoly written by Yoon-Ho Alex Lee and published by . This book was released on 2005 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Donald Brown
Publisher : Springer Science & Business Media
ISBN 13 : 3540765913
Total Pages : 204 pages
Book Rating : 4.5/5 (47 download)
Download or read book Computational Aspects of General Equilibrium Theory written by Donald Brown and published by Springer Science & Business Media. This book was released on 2008-01-08 with total page 204 pages. Available in PDF, EPUB and Kindle. Book excerpt: This monograph presents a general equilibrium methodology for microeconomic policy analysis. It is intended to serve as an alternative to the now classical, axiomatic general equilibrium theory as exposited in Debreu`s Theory of Value (1959) or Arrow and Hahn`s General Competitive Analysis (1971). The monograph consists of several essays written over the last decade. It also contains an appendix by Charles Steinhorn on the elements of O-minimal structures.
Author : Jerome Ellig
Publisher : Cambridge University Press
ISBN 13 : 9780521782500
Total Pages : 298 pages
Book Rating : 4.7/5 (825 download)
Download or read book Dynamic Competition and Public Policy written by Jerome Ellig and published by Cambridge University Press. This book was released on 2001-04-23 with total page 298 pages. Available in PDF, EPUB and Kindle. Book excerpt: Scholars explore antitrust issues as these relate to dynamic industry competition and public policy.
Author : Estes Kefauver
Publisher :
ISBN 13 :
Total Pages : 290 pages
Book Rating : 4.3/5 (91 download)
Download or read book In a Few Hands written by Estes Kefauver and published by . This book was released on 1965 with total page 290 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Peter C. Carstensen
Publisher : Edward Elgar Publishing
ISBN 13 : 178254058X
Total Pages : 265 pages
Book Rating : 4.7/5 (825 download)
Download or read book Competition Policy and the Control of Buyer Power written by Peter C. Carstensen and published by Edward Elgar Publishing. This book was released on 2017-09-29 with total page 265 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides a comprehensive overview of the economic and competition policy issues that buyer power creates. Drawing on economic analysis and cases from around the world, it explains why conventional seller side standards and analyses do not provide an adequate framework for responding to the problems that buyer power can create. Based on evidence that abuse of buyer power is a serious problem for the competitive process, the book evaluates the potential for competition law to deal directly with the problems of abuse either through conventional competition law or special rules aimed at abusive conduct. The author also examines controls over buying groups and mergers as potentially more useful responses to risks created by undue buyer power.
Author : Manuela Mosca
Publisher : Edward Elgar Publishing
ISBN 13 : 1781003718
Total Pages : 334 pages
Book Rating : 4.7/5 (81 download)
Download or read book Monopoly Power and Competition written by Manuela Mosca and published by Edward Elgar Publishing. This book was released on 2018-07-27 with total page 334 pages. Available in PDF, EPUB and Kindle. Book excerpt: The innovative contributions of the Italian Marginalists - Pareto, Pantaleoni, De Viti de Marco and Barone, to economic theory have previously been overlooked. This is the first book to deal with the history of the theory of market power and of its relation with competition, focusing on the distinct intellectual tradition that is Italian Marginalist economic thought. Monopoly Power and Competition is a vital resource for historians of economic thought, as it explores a relatively untouched area of microeconomics that sheds light on the theories surrounding monopoly power and barriers to entry.
