Monopoly and competition and their regulation
Author | : International Economic Association |
Publisher | : |
Total Pages | : 576 |
Release | : 1954 |
Genre | : |
ISBN | : |
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Author | : International Economic Association |
Publisher | : |
Total Pages | : 576 |
Release | : 1954 |
Genre | : |
ISBN | : |
Author | : Richard A. Posner |
Publisher | : Cato Institute |
Total Pages | : 131 |
Release | : 1999-04-01 |
Genre | : Political Science |
ISBN | : 1933995823 |
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."
Author | : Edward H. Chamberlin |
Publisher | : Springer |
Total Pages | : 556 |
Release | : 2015-12-31 |
Genre | : Business & Economics |
ISBN | : 1349084344 |
Author | : International Economic Association |
Publisher | : |
Total Pages | : 576 |
Release | : 1954 |
Genre | : Competition |
ISBN | : |
Author | : Edward H. Chamberlin |
Publisher | : |
Total Pages | : 548 |
Release | : 1986 |
Genre | : Competition |
ISBN | : 9780333406281 |
Author | : talloires Conference on monopoly and competition and their regulation |
Publisher | : |
Total Pages | : 0 |
Release | : 1954 |
Genre | : |
ISBN | : |
Author | : Roger Sherman |
Publisher | : Cambridge University Press |
Total Pages | : 332 |
Release | : 1989-03-31 |
Genre | : Business & Economics |
ISBN | : 9780521368629 |
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 | : International Economic Association |
Publisher | : |
Total Pages | : 548 |
Release | : 1986 |
Genre | : |
ISBN | : 9780333406267 |
Author | : International Economic Association |
Publisher | : |
Total Pages | : 548 |
Release | : 1954 |
Genre | : |
ISBN | : |
Author | : INTERNATIONAL ECONOMIC ASSOCIATION. |
Publisher | : |
Total Pages | : 548 |
Release | : 1954 |
Genre | : |
ISBN | : |