 Antitrust Policy: To Intervene or To Not Intervene—That Is the QuestionSonali Garg () Chapter Chapter 11 in The Telegraph and Stock Exchanges, 2024, pp 115-118 from Palgrave Macmillan Abstract: Abstract Discusses the competition between natural monopolies and the antitrust policy implications when a natural monopoly is a contestable natural monopoly and when the natural monopoly is non contestable. The policy recommendation is that if the natural monopoly is a contestable monopoly, then, even when the natural monopoly is charging prices significantly higher than they could have charged if there were competitors, regulators need not intervene. The market, left to itself, will eventually give the desired outcome. If the natural monopoly is not a contestable monopoly, and the natural monopolist is charging prices much higher than could have been charged if there were competitors, then the antitrust regulators must intervene. They could, for example, regulate the natural monopoly in a manner similar to how public utilities are regulated. Keywords: Antitrust; Competition between exchanges; Contestable monopoly; Economies of scale; Economies of scope; Natural monopoly; Non-contestable monopoly; Positive network externalities; Public Utility; Regulation of natural monopolies (search for similar items in EconPapers) There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:pal:palscp:978-3-031-40407-8_11 Ordering information: This item can be ordered from DOI: 10.1007/978-3-031-40407-8_11 Access Statistics for this chapter More chapters in Palgrave Studies in Economic History from Palgrave Macmillan |
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