Informational Structure and Effciency in Monopoly
Babu Nahata (),
Sergey Kokovin and
Authors registered in the RePEc Author Service: Suresh Chandra Babu
General Economics and Teaching from University Library of Munich, Germany
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
Note: Type of Document - Acrobat PDF; prepared on IBM PC; to print on HP/PostScript/; pages: 25
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Persistent link: https://EconPapers.repec.org/RePEc:wpa:wuwpgt:0307004
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