A Note on the Social Costs of Monopoly and Regulation

Jamal Ibrahim Haidar

The IUP Journal of Financial Economics, 2011, vol. IX, issue 4, 76-79

Abstract: The aim of this note is to discuss the economic perspective of the social costs of monopoly and regulation. First, this note sketches a well-recognized argument in the industrial organization, microeconomic theory, law practice, and various public policy perspectives. Second, it defines the three building-block assumptions for the argument and provides four remarks on them. Third, it concludes and provides a guidance to a needed correction in social cost measurement given the contemporary regulatory framework.

Date: 2011
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Persistent link: https://EconPapers.repec.org/RePEc:icf:icfjfe:v:09:y:2011:i:4:p:76-79

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