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Government Granted Monopoly

Government Granted Monopoly
Author: Fouad Sabry
Publisher: One Billion Knowledgeable
Total Pages: 345
Release: 2024-01-20
Genre: Business & Economics
ISBN:

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What is Government Granted Monopoly In economics, a government-granted monopoly is a form of coercive monopoly by which a government grants exclusive privilege to a private individual or firm to be the sole provider of a good or service; potential competitors are excluded from the market by law, regulation, or other mechanisms of government enforcement. As a form of coercive monopoly, government-granted monopoly is contrasted with an unregulated monopoly, wherein there is no competition but it is not forcibly excluded. How you will benefit (I) Insights, and validations about the following topics: Chapter 1: Government-granted monopoly Chapter 2: Intellectual property Chapter 3: Monopoly Chapter 4: Monopolistic competition Chapter 5: Natural monopoly Chapter 6: Imperfect competition Chapter 7: Deadweight loss Chapter 8: United States antitrust law Chapter 9: Rent-seeking Chapter 10: Anti-competitive practices Chapter 11: Barriers to entry Chapter 12: Coercive monopoly Chapter 13: Monopoly profit Chapter 14: Competition law Chapter 15: State monopoly Chapter 16: Industrial property Chapter 17: Parallel import Chapter 18: Economics and patents Chapter 19: Arnold Harberger Chapter 20: Profit (economics) Chapter 21: Criticism of patents (II) Answering the public top questions about government granted monopoly. (III) Real world examples for the usage of government granted monopoly in many fields. Who this book is for Professionals, undergraduate and graduate students, enthusiasts, hobbyists, and those who want to go beyond basic knowledge or information for any kind of Government Granted Monopoly.


In Defense of Monopoly

In Defense of Monopoly
Author: Richard B. McKenzie
Publisher: University of Michigan Press
Total Pages: 629
Release: 2019-02-28
Genre: Business & Economics
ISBN: 0472126288

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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.


Monopoly in America

Monopoly in America
Author: Walter Adams
Publisher: New York : Macmillan
Total Pages: 238
Release: 1955
Genre: Industrial policy
ISBN:

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Natural Monopoly and Its Regulation

Natural Monopoly and Its Regulation
Author: Richard A. Posner
Publisher: Cato Institute
Total Pages: 131
Release: 1999-04-01
Genre: Political Science
ISBN: 1933995823

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Natural monopolies exist in those markets in which demand can be satisfied at lowest cost by the output of only one rather than several competing firms. Under such conditions, conventional wisdom suggests that government regulation must substitute for competition to discipline the behavior of firms. Thirty years ago a young professor named Richard Posner asked the provocative question of whether the existence of natural monopoly provides adequate justification for government intervention. His even more provocative answer was no. The evils of natural monopoly are exaggerated, the effectiveness of regulation in controlling them is highly questionable, and regulation costs a great deal. "The resources and energies of government should be directed to problems we know are substantial, that we think are traceable to government action, and that cannot be left to the private sector to work out. There are plenty of those problems, and it is doubtful that natural monopoly is among them." Thirty years after its initial publication, read the original insights of Richard Posner about the regulation of natural monopoly as well as a new preface in which Posner reflects on the deregulation of industries that has occurred since 1969 and the possibilities for more deregulation in the future."


The Reign of Monopoly

The Reign of Monopoly
Author: Thomas Augustus Bland
Publisher:
Total Pages: 48
Release: 1881
Genre: Monopolies
ISBN:

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Regulating Infrastructure

Regulating Infrastructure
Author: José A. Gómez-Ibáñez
Publisher: Harvard University Press
Total Pages: 456
Release: 2006-09-01
Genre: Business & Economics
ISBN: 9780674037809

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In the 1980s and '90s many countries turned to the private sector to provide infrastructure and utilities, such as gas, telephones, and highways--with the idea that market-based incentives would control costs and improve the quality of essential services. But subsequent debacles including the collapse of California's wholesale electricity market and the bankruptcy of Britain's largest railroad company have raised troubling questions about privatization. This book addresses one of the most vexing of these: how can government fairly and effectively regulate "natural monopolies"--those infrastructure and utility services whose technologies make competition impractical? Rather than sticking to economics, José Gómez-Ibáñez draws on history, politics, and a wealth of examples to provide a road map for various approaches to regulation. He makes a strong case for favoring market-oriented and contractual approaches--including private contracts between infrastructure providers and customers as well as concession contracts with the government acting as an intermediary--over those that grant government regulators substantial discretion. Contracts can provide stronger protection for infrastructure customers and suppliers--and greater opportunities to tailor services to their mutual advantage. In some cases, however, the requirements of the firms and their customers are too unpredictable for contracts to work, and alternative schemes may be needed.


Against Intellectual Monopoly

Against Intellectual Monopoly
Author: Michele Boldrin
Publisher: Cambridge University Press
Total Pages: 306
Release: 2010-01-25
Genre: Business & Economics
ISBN: 9780521127264

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"Intellectual property" - patents and copyrights - have become controversial. We witness teenagers being sued for "pirating" music - and we observe AIDS patients in Africa dying due to lack of ability to pay for drugs that are high priced to satisfy patent holders. Are patents and copyrights essential to thriving creation and innovation - do we need them so that we all may enjoy fine music and good health? Across time and space the resounding answer is: No. So-called intellectual property is in fact an "intellectual monopoly" that hinders rather than helps the competitive free market regime that has delivered wealth and innovation to our doorsteps. This book has broad coverage of both copyrights and patents and is designed for a general audience, focusing on simple examples. The authors conclude that the only sensible policy to follow is to eliminate the patents and copyright systems as they currently exist.