EconPapers    
Economics at your fingertips  
 

On the origins of the concept of natural monopoly: Economies of scale and competition

Manuela Mosca ()

The European Journal of the History of Economic Thought, 2008, vol. 15, issue 2, 317-353

Abstract: The present article contributes to the history of the concept of natural monopoly, focusing on the reconstruction of its origins. The paper considers various facets of natural monopoly: the expression itself; the singling out of the concrete situations to which it is applied; the inquiry into economies of scale; the consideration of their incompatibility with perfect competition; the drawing of the diagram; and the need for government intervention. In this paper each of the above features is separately examined from a historical perspective. Priorities and influences are then traced, and in particular it is found that the pivotal figure in this historical reconstruction is that of Edgeworth. The relation of the concept of natural monopoly with that of competition is also highlighted, as well as its policy implications.

Keywords: Natural monopoly; economies of scale; competition; cost curves; network industries; contestable markets; barriers to entry; market power (search for similar items in EconPapers)
Date: 2008
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (13) Track citations by RSS feed

Downloads: (external link)
http://www.tandfonline.com/doi/abs/10.1080/09672560802037623 (text/html)
Access to full text is restricted to subscribers.

Related works:
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:taf:eujhet:v:15:y:2008:i:2:p:317-353

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/REJH20

DOI: 10.1080/09672560802037623

Access Statistics for this article

The European Journal of the History of Economic Thought is currently edited by José Luís Cardoso

More articles in The European Journal of the History of Economic Thought from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().

 
Page updated 2021-03-30
Handle: RePEc:taf:eujhet:v:15:y:2008:i:2:p:317-353