Regulating Imperfectly Competitive Markets

Pak-Sing Choi, Eric Dunaway and Felix Munoz-Garcia
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Eric Dunaway: Wabash College

Chapter Chapter 5 in Industrial Organization, 2021, pp 197-230 from Springer

Abstract: Abstract This chapter takes a regulatory approach by considering some of the models of imperfect competition analyzed in previous chapters (monopoly and oligopolies with different numbers of firms) and examines different policy tools that can induce firms to produce the output level that maximizes the social welfare (we refer to this output level as the “socially optimal output”), such as subsidies and taxes for each unit of output that the firm produces.

Date: 2021
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DOI: 10.1007/978-3-030-57284-6_5

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