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.
Download (213kB) | Preview
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|
|Original Title:||The Social Costs of Monopoly: A Survey And An Evaluation|
|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
|Depositing User:||Erdal Gumus|
|Date Deposited:||21. Oct 2012 18:03|
|Last Modified:||25. Nov 2015 18:25|
BAYSINGER, B. AND TOLLISON R. (1980) Evaluating the Social Costs of Monopoly And Regulation, Atlantic Economic Journal, 8, 22-26.
BERGSON, A. (1973) On Monopoly Welfare Losses, American Economic Review, 63, 853-70.
BROWN, D. J. and WOOD, G. A., (2004a) The Social Cost of Monopoly Power, Yale ICF Working Paper No. 04-31; Cowles Foundation Discussion Paper No. 1466.
BROWN, D. J. and WOOD, G. A., (2004b) Competition, Consumer Welfare and Monopoly Power, Cowles Foundation Discussion Paper No. 1466R.
BROWNING, E.K. (1997) A neglected welfare cost of monopoly-and most other product market distortions, Journal of Public Economics, 66, 127-144.
COWLING, KEITH AND MUELLER D. C. (1978) The Social Costs of Monopoly Power, The Economic Journal, 88, 727-748.
DAVID S. (1960) The Burden of Monopoly, Journal of Political Economy, 68, 627-30.
DAVID S. (1961) The Effect of Monopoly; A Correction, Journal of Political Economy, 494.
DAVIS, D. D. AND R. J. REILLY (2000) Multiple Buyers, Rent-Defending and the Observed Social Cost of Monopoly, Pacific Economic Review, 5(3), 389-410.
DEBREU, G. (1951) The Coefficient of Resource Utilization, Econometrica, 19, 273-292.
DIXON, R., A. GUNTHER, AND M. MAHMOOD (2001) The Cost of Monopoly in Australian Manufacturing, The Australian Economic Review, 34(4), 390-402.
EPSTEIN, R. C. (1934) Industrial Profits in the United States, NBER.
GEORGE J. S. (1956) The Statistics of Monopoly and Merger, Journal of Political Economy, 64(1), 33-40.
HARBERGER, A. C. (1954) Monopoly and Resource Allocation, American Economic Review, 77-87.
KAMERSCHEN, D. R. (1966) An Estimation of the ‘Welfare Losses’ from Monopoly in the American Economy, Western Economic Journal, 221-236.
KEEM, J. H. (2001) The Social cost of monopoly when consumers resist, European journal of political economy, 17, 633-639.
LEE, YOON-HO ALEX and BROWN, DONALD J. (2006) Competition, Consumer Welfare, and the Social Cost of Monopoly, Yale Law School: Yale Law School Student Scholarship Series. Paper 19. Available at http://lsr.nellco.org/yale/student/papers/19 (last visited, 28th of July,2006).
POSNER, R. A. (1975) The Social Costs of Monopoly and Regulation, Journal of Political Economy, 83(4), 807-827.
SIEGFRIED, J. J. AND TIEMANN T. K. (1974) The Welfare Cost of Monopoly: An Inter-Industry Analysis, Economic Inquiry, 12, 190-202.
SHOVEN, J. AND J. WHALLEY (1992), Applying General Equilibrium, Cambridge University Press.
STEGEMANN, K. (1984) The Social Costs of Monopoly in an Open Economy, Canadian Journal of Economics, 17, 718-730.
TULLOCK, G. (1967) The Welfare Costs of Tariffs, Monopolies, and Theft, Western Economic Journal 5, 224-32.
WENDERS, J. T. (1987) On Perfect Rent Dissipation, The American Economic Review, 77(3), 456-459.
WORCESTER, DEAN A. JR. (1973) New Estimates of the Welfare loss to Monopoly, United States: 1956- 1969, Southern Economic Journal, 40, 234-45.
YOON, S. (2004) Welfare Losses due to Monopoly: Korea’s Case, Journal of Policy Modeling, 26, 945-957.
YOUNG, D. P.T. (1997) Dominant firms, price leadership and the measurement of monopoly Welfare losses, International Journal of Industrial Organization, 15, 533-547.