EconPapers    
Economics at your fingertips  
 

The Social Costs of Monopoly and Regulation

Richard Posner

A chapter in 40 Years of Research on Rent Seeking 2, 1975, pp 45-65 from Springer

Abstract: Abstract This paper presents a model and some highly tentative empirical estimates of the social costs of monopoly and monopoly-inducing regulation in the United States. Unlike the previous studies, it assumes that competition to obtain a monopoly results in the transformation of expected monopoly profits into social costs. A major conclusion is that public regulation is probably a larger source of social costs than private monopoly. The implications of the analysis for several public policy issues, such as appropriate policy toward mergers and price discrimination, are also discussed.

Date: 1975
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
Journal Article: The Social Costs of Monopoly and Regulation (1975) Downloads
Working Paper: Social Costs of Monopoly and Regulation (1974) Downloads
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-540-79247-5_2

Ordering information: This item can be ordered from
http://www.springer.com/9783540792475

DOI: 10.1007/978-3-540-79247-5_2

Access Statistics for this chapter

More chapters in Springer Books from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().

 
Page updated 2025-03-23
Handle: RePEc:spr:sprchp:978-3-540-79247-5_2