EconPapers    
Economics at your fingertips  
 

Monopoly Rights: A Barrier to Riches

Edward Prescott and Stephen Parente ()

American Economic Review, 1999, vol. 89, issue 5, 1216-1233

Abstract: Our thesis is that poor countries are poor because they employ arrangements for which the equilibrium outcomes are characterized by inferior technologies being used, and being used inefficiently. In this paper, we analyze the consequences of one such arrangement. In each industry, the arrangement enables a coalition of factor suppliers to be the monopoly seller of its input services to all firms using a particular production process. We find that eliminating this monopoly arrangement could well increase output by roughly a factor of 3 without any increase in inputs.

JEL-codes: O11 O14 O33 (search for similar items in EconPapers)
Date: 1999
Note: DOI: 10.1257/aer.89.5.1216
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (295)

Downloads: (external link)
http://www.aeaweb.org/articles.php?doi=10.1257/aer.89.5.1216 (application/pdf)
Access to full text is restricted to AEA members and institutional subscribers.

Related works:
Working Paper: Monopoly rights: a barrier to riches (1997) 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:aea:aecrev:v:89:y:1999:i:5:p:1216-1233

Ordering information: This journal article can be ordered from
https://www.aeaweb.org/journals/subscriptions

Access Statistics for this article

American Economic Review is currently edited by Esther Duflo

More articles in American Economic Review from American Economic Association Contact information at EDIRC.
Bibliographic data for series maintained by Michael P. Albert ().

 
Page updated 2025-03-22
Handle: RePEc:aea:aecrev:v:89:y:1999:i:5:p:1216-1233