An alternative to natural monopoly

Oriol Carbonell-Nicolau

Departmental Working Papers from Rutgers University, Department of Economics

Abstract: We consider a shared ownership arrangement among consumers/owners as a means to organize production with an underlying decreasing average cost function typical of natural monopolies. The resulting output allocation yields a lower deadweight loss than the monopoly allocation, and is, in some cases, efficient.

Keywords: natural monopoly; deaweight loss from monopoly; decreasing average costs (search for similar items in EconPapers)
JEL-codes: L12 L13 (search for similar items in EconPapers)
Pages: 5 pages
Date: 2019-12-15
New Economics Papers: this item is included in nep-com and nep-ore
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http://www.sas.rutgers.edu/virtual/snde/wp/2019-03.pdf (application/pdf)

Related works:
Journal Article: An alternative to natural monopoly (2020)
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Persistent link: https://EconPapers.repec.org/RePEc:rut:rutres:201904

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