An alternative to natural monopoly

Oriol Carbonell-Nicolau

Journal of Regulatory Economics, 2020, vol. 58, issue 2, No 4, 184-192

Abstract: 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; Deadweight loss from monopoly; Decreasing average costs; Shared ownership (search for similar items in EconPapers)
JEL-codes: L12 L13 (search for similar items in EconPapers)
Date: 2020
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Working Paper: An alternative to natural monopoly (2019)
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DOI: 10.1007/s11149-020-09416-x

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