EconPapers    
Economics at your fingertips  
 

Informational Structure and Effciency in Monopoly

Babu Nahata (), Sergey Kokovin and Evgeny Zhelobodko
Authors registered in the RePEc Author Service: Suresh Chandra Babu

General Economics and Teaching from University Library of Munich, Germany

Abstract: The paper focuses on efficiency under monopoly. Contrary to common wisdom, nine examples given in the paper show that a Pareto-efficient output in monopoly is possible under both linear and nonlinear pricing. Pareto efficiency can be achieved when consumers are homogeneous as well as heterogeneous. Since Pareo-efficiency is possible under different demand and cost conditions; different pricing strategies; and different degree of consumer heterogeneity, in general, monopoly per se is not the cause for ineficiency.

Keywords: Monopoly; Pareto Efficiency (search for similar items in EconPapers)
JEL-codes: D42 L10 L40 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-tra
Date: 2003-07-03
Note: Type of Document - Acrobat PDF; prepared on IBM PC; to print on HP/PostScript/; pages: 25
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed

Downloads: (external link)
https://econwpa.ub.uni-muenchen.de/econ-wp/get/papers/0307/0307004.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:wpa:wuwpgt:0307004

Access Statistics for this paper

More papers in General Economics and Teaching from University Library of Munich, Germany
Bibliographic data for series maintained by EconWPA ().

 
Page updated 2019-04-22
Handle: RePEc:wpa:wuwpgt:0307004