Monopoly in Economics and Law
Author: Professor Donald Dewey
Publisher:
Published: 2012-05-01
Total Pages: 338
ISBN-13: 9781258333010
DOWNLOAD EBOOK →Author: Professor Donald Dewey
Publisher:
Published: 2012-05-01
Total Pages: 338
ISBN-13: 9781258333010
DOWNLOAD EBOOK →Author: Richard B. McKenzie
Publisher: University of Michigan Press
Published: 2019-02-28
Total Pages: 629
ISBN-13: 0472126288
DOWNLOAD EBOOK →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: Roger D. Blair
Publisher: Cambridge University Press
Published: 2010-09-06
Total Pages:
ISBN-13: 1139490974
DOWNLOAD EBOOK →Most readers are familiar with the concept of a monopoly. A monopolist is the only seller of a good or service for which there are not good substitutes. Economists and policy makers are concerned about monopolies because they lead to higher prices and lower output. The topic of this book is monopsony, the economic condition in which there is one buyer of a good or service. It is a common misunderstanding that if monopolists raise prices, then monopsonists must lower them. It is true that a monopsonist may force sellers to sell to them at lower prices, but this does not mean consumers are better off as a result. This book explains why monopsonists can be harmful and the way law has developed to respond to these harms.
Author: Francesco Ducci
Publisher: Cambridge University Press
Published: 2020-07-23
Total Pages: 203
ISBN-13: 1108491146
DOWNLOAD EBOOK →Through three case studies, this book investigates whether digital industries are naturally monopolistic and evaluates policy approaches to market power.
Author: George J. Stigler
Publisher: University of Chicago Press
Published: 2003-03-15
Total Pages: 182
ISBN-13: 9780226774404
DOWNLOAD EBOOK →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.
Author: International Economic Association
Publisher:
Published: 1954
Total Pages: 548
ISBN-13: 9780333406267
DOWNLOAD EBOOK →Author: Robert Bork
Publisher:
Published: 2021-02-22
Total Pages: 536
ISBN-13: 9781736089712
DOWNLOAD EBOOK →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.