Looking at the Cost Side of "Monopoly."
AbstractWelfare loss under oligopoly is defined as that part of consumer surplus which is lost and not regained by higher profits. In a model with asymmetric firms, this implies that the total welfare loss consists of the deadweight loss triangle plus a cost side inefficiency effect, due to the fact that in imperfect markets not all firms utilize the lowest cost technique. Using a flexible CV-model, the authors calculate these effects empirically for two relatively homogeneous industries (pulp/paper and cement). The deadweight loss triangles are shown to be smaller than the cost difference effect ('the staircase') for these industries. Copyright 1997 by Blackwell Publishing Ltd
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Bibliographic InfoArticle provided by Wiley Blackwell in its journal Journal of Industrial Economics.
Volume (Year): 45 (1997)
Issue (Month): 3 (September)
Contact details of provider:
Web page: http://www.blackwellpublishing.com/journal.asp?ref=0022-1821
You can help add them by filling out this form.
CitEc Project, subscribe to its RSS feed for this item.
- Nikolaus Fink, 2011. "SSNIP, state-owned enterprises, public goods and complements," Empirica, Springer, vol. 38(3), pages 381-388, July.
- Jun Chen & Zhiqi Chen, 2011.
"The quiet life of a monopolist: The efficiency losses of monopoly reconsidered,"
Frontiers of Economics in China,
Springer, vol. 6(3), pages 389-412, September.
- Jun Chen & Zhiqi Chen, 2008. "The Quiet Life of a Monopolist: The Efficiency Losses of Monopoly Reconsidered," Carleton Economic Papers 08-04, Carleton University, Department of Economics, revised Sep 2011.
- Ela Glowicka, 2005.
"Bailouts in a Common Market: A Strategic Approach,"
CIG Working Papers
SP II 2005-20, Wissenschaftszentrum Berlin (WZB), Research Unit: Competition and Innovation (CIG).
- Glowicka, Ela, 2005. "Bailouts in a common market: a strategic approach," Discussion Paper Series of SFB/TR 15 Governance and the Efficiency of Economic Systems 177, Free University of Berlin, Humboldt University of Berlin, University of Bonn, University of Mannheim, University of Munich.
- Aiginger, K., 1998. "A framework for evaluating the dynamic competitiveness of countries," Structural Change and Economic Dynamics, Elsevier, vol. 9(2), pages 159-188, June.
- D. P. T. Young, 2000. "Firms' Market Power, Endogenous Preferences and the Focus of Competition Policy," Review of Political Economy, Taylor & Francis Journals, vol. 12(1), pages 73-87.
- Lars-Hendrik R�ller & Frode Steen, 2006. "On the Workings of a Cartel: Evidence from the Norwegian Cement Industry," American Economic Review, American Economic Association, vol. 96(1), pages 321-338, March.
- Gunther Tichy, 1998. "Wettbewerbspolitik und die 'Grenzen der Größe'," Wirtschaft und Gesellschaft - WuG, Kammer für Arbeiter und Angestellte für Wien, Abteilung Wirtschaftswissenschaft und Statistik, vol. 24(3), pages 313-330.
- Aiginger, Karl & Mueller, Dennis C. & Weiss, Christoph, 1998. "Objectives, topics and methods in industrial organization during the nineties: Results from a survey," International Journal of Industrial Organization, Elsevier, vol. 16(6), pages 799-830, November.
- Lang, Gunter & Welzel, Peter, 1999.
" Mergers among German Cooperative Banks: A Panel-Based Stochastic Frontier Analysis,"
Small Business Economics,
Springer, vol. 13(4), pages 273-86, December.
- Günter Lang, Peter Welzel, 1999. "Mergers Among German Cooperative Banks. A Panel-based Stochastic Frontier Analysis," Working Paper Series B 1999-03, Friedrich-Schiller-Universität Jena, Wirtschaftswissenschaftliche Fakultïät.
- Manfred Neumann, 1999. "Monopoly Welfare Losses in the Long Run," Empirica, Springer, vol. 26(1), pages 1-9, March.
- christoph Engel, 2005. "Voice over IP. Competition Policy and Regulation," Working Paper Series of the Max Planck Institute for Research on Collective Goods 2005_26, Max Planck Institute for Research on Collective Goods.
- Karl Aiginger & Michael Pfaffermayr, 1999. "Product Quality, Cost Asymmetry and the Welfare Loss of Oligopoly," International Journal of the Economics of Business, Taylor & Francis Journals, vol. 6(2), pages 165-180.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Wiley-Blackwell Digital Licensing) or (Christopher F. Baum).
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.