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.

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.

• Item Type: MPRA Paper
• Language: English
• Keywords: Social costs of monopoly; Harberger’s triangle; Rent-seeking theory
• Subjects: D - Microeconomics > D7 - Analysis of Collective Decision-Making > D73 - Bureaucracy ; Administrative Processes in Public Organizations ; Corruption; I - Health, Education, and Welfare > I3 - Welfare, Well-Being, and Poverty > I38 - Government Policy ; Provision and Effects of Welfare Programs; D - Microeconomics > D7 - Analysis of Collective Decision-Making > D72 - Political Processes: Rent-Seeking, Lobbying, Elections, Legislatures, and Voting Behavior; D - Microeconomics > D4 - Market Structure, Pricing, and Design > D42 - Monopoly; D - Microeconomics > D4 - Market Structure, Pricing, and Design

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