Natural Monopoly

Scott Gilbert
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Scott Gilbert: Southern Illinois University

Chapter 6 in Multi-Market Antitrust Economics, 2018, pp 113-129 from Palgrave Macmillan

Abstract: Abstract Antitrust economics deals with situations of high market concentration and anti-competitive harm in a given industry, with a focus on the activities of private companies. One of the government’s tools to deal with antitrust issues is industry regulation, via the Federal Trade Commission (FTC), the Federal Communications Commission (FCC), and similar agencies. Industry regulation applies to private companies but also to publicly owned or quasi-private companies, common examples being utilities—electric companies, water companies, and so on. Such companies are often referred to as “natural monopolies,” the subject of this chapter.

Keywords: Production; Returns to scale; Natural monopoly (search for similar items in EconPapers)
Date: 2018
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DOI: 10.1007/978-3-319-69386-6_6

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