Monopoly Spillover Effects

Scott Gilbert
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Scott Gilbert: Southern Illinois University

Chapter 3 in Multi-Market Antitrust Economics, 2018, pp 37-49 from Palgrave Macmillan

Abstract: Abstract In a market that goes from many suppliers to just one supplier, the advent of monopoly has an immediate effect: change in supply in that market. The pure monopoly model, discussed in Chap. 2 , represents the monopoly effect in a given market. The effect is anti-competitive: price rises above the many-supplier competitive level, and goods quantity falls, doubly bad for consumers. The simplicity of the pure monopoly model is a virtue but also limits the range of behavior and outcomes that can be discussed within it.

Keywords: Monopoly; Complement; Substitute; Equilibrium; Spillover effect (search for similar items in EconPapers)
Date: 2018
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DOI: 10.1007/978-3-319-69386-6_3

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