The welfare costs of monopoly are larger than you think

Dwight R. Lee and Robert Tollison

Managerial and Decision Economics, 2011, vol. 32, issue 2, 85-89

Abstract: We show that monopoly is the parent of monopsony when an industry employs specialized resources. This means that the welfare loss from monopoly and monopolization is larger than commonly portrayed. Copyright (C) 2010 John Wiley & Sons, Ltd.

Date: 2011
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Persistent link: https://EconPapers.repec.org/RePEc:wly:mgtdec:v:32:y:2011:i:2:p:85-89

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