Conditions of Entry and the Emergence of Monopoly

Joe S. Bain
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Joe S. Bain: University of California

A chapter in Monopoly and Competition and their Regulation, 1954, pp 215-241 from Palgrave Macmillan

Abstract: Abstract AN economist’s inquiry into the ‘forces making for and against monopoly ’ might reasonably involve a search for answers to the following questions with respect to enterprise economies: (1) What are the ‘ forces,’ whether tendencies of human behaviour or environmental circumstances, which favour or discourage the establishment and stable maintenance of monopoly? (2) Why and in what way do these ‘forces’ affect the prospect of monopoly, and is the character of any of them strategic to its emergence? (3) What is the relative importance of the various forces identified — both in a priori logic and in fact? (4) Are there strategic controllable forces affecting the emergence of monopoly, through the manipulation of which public authority can limit the extent of monopoly?

Keywords: Average Cost; Entry Condition; Monopoly Price; Established Firm; Potential Entrant (search for similar items in EconPapers)
Date: 1954
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DOI: 10.1007/978-1-349-08434-0_11

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