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Author : Yoon-Ho Alex Lee
Publisher :
ISBN 13 :
Total Pages : 40 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 40 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 : Roger Sherman
Publisher : Cambridge University Press
ISBN 13 : 9780521368629
Total Pages : 332 pages
Book Rating : 4.3/5 (686 download)
Download or read book The Regulation of Monopoly written by Roger Sherman and published by Cambridge University Press. This book was released on 1989-03-31 with total page 332 pages. Available in PDF, EPUB and Kindle. Book excerpt: Competition may not function well where technology calls for large and complex investments, as in the electrivity industry where public utilities often provide service. This book presents economic welfare foundations for the purpose of evaluating how well, from a social point of view, an enterprise performs when competition is unable to function. Problems with existing institutions are emphasized. Topics treated include welfare measures and their uses in peak-load pricing, second-best pricing, and income distribution. Professor Sherman covers public choice difficulties of government intervention, and describes problems with incentives in statutory monopolies and efforts to overcome them through the study of principal-agent relationships. Contestability and sustainable prices are also discussed, as well as effects of uncertainty and imperfect information.
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 : 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 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 : 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 : Thomas Ulen
Publisher :
ISBN 13 :
Total Pages : 32 pages
Book Rating : 4.:/5 (31 download)
Download or read book Re-examining the Welfare Loss Due to Monopoly written by Thomas Ulen and published by . This book was released on 1980 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt:
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 : Richard A. Posner
Publisher :
ISBN 13 :
Total Pages : 37 pages
Book Rating : 4.:/5 (219 download)
Download or read book The Social Costs of Monopoly and Regulation written by Richard A. Posner and published by . This book was released on 1974 with total page 37 pages. Available in PDF, EPUB and Kindle. Book excerpt: When an industry is monopolized, price rises above and output falls below the competitive level. Those who continue to buy the product at the higher price suffer a loss, but this loss is exactly offset by the additional revenue that the monopolist obtains by charging the higher price. Other consumers, who are deflected by the higher price to substitute goods, suffer a loss, that is not offset by gains to the monopolist. This is the "deadweight loss" from monopoly, and in conventional analysis the only social cost of monopoly. The loss suffered by those who continue to buy the product at the higher cost is regarded merely as a transfer from consumers to owners of the monopoly seller and has not previously been factored into the social costs of monopoly. However, the existence of an opportunity to obtain monopoly profits will attract resources into efforts to obtain monopolies, and the opportunity costs of those resources are social costs of monopoly, too. Although the tendency of monopoly rents to be transformed into costs is no longer a novel insight, its implications both for the measurement of the aggregate social costs of monopoly and for a variety of other important issues relating to monopoly and public regulation (including tax policy) continue to be ignored. The present paper is an effort to rectify this neglect. Part I introduces the material. Part II presents a simple model of the social costs of monopoly, conceived as the sum of the deadweight loss and the additional loss resulting from the competition to become a monopolist. Part III uses the model to estimate the social costs of monopoly in the United States, and the social benefits of antitrust enforcement. Part IV explores the implications of the analysis for a variety of issues relating to monopoly and public regulation, such as public policy toward price discrimination and the choice between income and excise taxation
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 : Josef Drexl
Publisher : Edward Elgar Publishing
ISBN 13 : 0857930338
Total Pages : 361 pages
Book Rating : 4.8/5 (579 download)
Download or read book Competition Policy and the Economic Approach written by Josef Drexl and published by Edward Elgar Publishing. This book was released on 2011-01-01 with total page 361 pages. Available in PDF, EPUB and Kindle. Book excerpt: This outstanding collection of original essays brings together some of the leading experts in competition economics, policy and law. They examine what lies at the core of the .economic approach to competition law' and deal with its normative and institutional limitations. In recent years the more .economic approach' has led to a modernisation of competition law throughout the world. This book comprehensivelyexamines for the first time, the foundations and limitations of the approach and will be of great interest to scholars of competition policy no matter what discipline. Competition Policy and the Economic Approach will appeal to academics in competition economics and law, policy-makers and practitioners in the field of antitrust/competition law as well as postgraduate students in competition law and economics. Those interested in the interplay of law and economicsin the field of competition will also find this book invaluable.
Author : Diane Coyle
Publisher : Princeton University Press
ISBN 13 : 0691189315
Total Pages : 372 pages
Book Rating : 4.6/5 (911 download)
Download or read book Markets, State, and People written by Diane Coyle and published by Princeton University Press. This book was released on 2020-01-14 with total page 372 pages. Available in PDF, EPUB and Kindle. Book excerpt: A textbook that examines how societies reach decisions about the use and allocation of economic resources While economic research emphasizes the importance of governmental institutions for growth and progress, conventional public policy textbooks tend to focus on macroeconomic policies and on tax-and-spend decisions. Markets, State, and People stresses the basics of welfare economics and the interplay between individual and collective choices. It fills a gap by showing how economic theory relates to current policy questions, with a look at incentives, institutions, and efficiency. How should resources in society be allocated for the most economically efficient outcomes, and how does this sit with society’s sense of fairness? Diane Coyle illustrates the ways economic ideas are the product of their historical context, and how events in turn shape economic thought. She includes many real-world examples of policies, both good and bad. Readers will learn that there are no panaceas for policy problems, but there is a practical set of theories and empirical findings that can help policymakers navigate dilemmas and trade-offs. The decisions faced by officials or politicians are never easy, but economic insights can clarify the choices to be made and the evidence that informs those choices. Coyle covers issues such as digital markets and competition policy, environmental policy, regulatory assessments, public-private partnerships, nudge policies, universal basic income, and much more. Markets, State, and People offers a new way of approaching public economics. A focus on markets and institutions Policy ideas in historical context Real-world examples How economic theory helps policymakers tackle dilemmas and choices
Author : National Bureau of Economic Research
Publisher : Princeton University Press
ISBN 13 : 1400879760
Total Pages : 647 pages
Book Rating : 4.4/5 (8 download)
Download or read book The Rate and Direction of Inventive Activity written by National Bureau of Economic Research and published by Princeton University Press. This book was released on 2015-12-08 with total page 647 pages. Available in PDF, EPUB and Kindle. Book excerpt: The papers here range from description and analysis of how our political economy allocates its inventive effort, to studies of the decision making process in specific industrial laboratories. Originally published in 1962. The Princeton Legacy Library uses the latest print-on-demand technology to again make available previously out-of-print books from the distinguished backlist of Princeton University Press. These editions preserve the original texts of these important books while presenting them in durable paperback and hardcover editions. The goal of the Princeton Legacy Library is to vastly increase access to the rich scholarly heritage found in the thousands of books published by Princeton University Press since its founding in 1905.
Author : Emmanuelle Auriol
Publisher : Cambridge University Press
ISBN 13 : 1108833950
Total Pages : 455 pages
Book Rating : 4.1/5 (88 download)
Download or read book Regulating Public Services written by Emmanuelle Auriol and published by Cambridge University Press. This book was released on 2021-10-21 with total page 455 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides the tools needed to analyse the present and the future of economic regulation.
Author : George J. Stigler
Publisher : University of Chicago Press
ISBN 13 : 9780226774404
Total Pages : 182 pages
Book Rating : 4.7/5 (744 download)
Download or read book Memoirs of an Unregulated Economist written by George J. Stigler and published by University of Chicago Press. This book was released on 2003-03-15 with total page 182 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this witty and modest intellectual autobiography, George J. Stigler gives us a fascinating glimpse into the little-known world of economics and the people who study it. One of the most distinguished economists of the twentieth century, Stigler was awarded the Nobel Prize in 1982 for his work on public regulation. He also helped found the Chicago School of economics, and many of his fellow Chicago luminaries appear in these pages, including Fredrich Hayek, Milton Friedman, Ronald Coase, and Gary Becker. Stigler's appreciation for such colleagues and his sense of excitement about economic ideas past and present make his Memoirs both highly entertaining and highly educational.
