Munich Personal RePEc Archive

The Social Costs of Monopoly: A Survey And An Evaluation

Gumus, Erdal (2006): The Social Costs of Monopoly: A Survey And An Evaluation. Published in: Akdeniz İ.İ.B.F. Dergisi , Vol. 7, No. 13 (2007): pp. 149-164.

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Abstract

Existence of monopoly and its costs to societies have been intensely studied. However, there has been no clear view obtained yet. Studies of rentseeking approach of the public choice school even make the issue more interesting. This paper surveys from traditional Harberger’s triangle approach of social costs of monopoly to the most recent studies and drive some conclusions from it.

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