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The Social Costs of Monopoly: A Survey And An Evaluation

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  • Gumus, Erdal

Abstract

Existence of monopoly and its costs to societies have been intensely studied. However, there has been no clear view obtained yet. Studies of rentseeking approach of the public choice school even make the issue more interesting. This paper surveys from traditional Harberger’s triangle approach of social costs of monopoly to the most recent studies and drive some conclusions from it.

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File URL: http://mpra.ub.uni-muenchen.de/42107/
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Bibliographic Info

Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 42107.

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Date of creation: 2006
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Publication status: Published in Akdeniz İ.İ.B.F. Dergisi 13.7(2007): pp. 149-164
Handle: RePEc:pra:mprapa:42107

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Keywords: Social costs of monopoly; Harberger’s triangle; Rent-seeking theory;

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  1. Shoven,John B. & Whalley,John, 1992. "Applying General Equilibrium," Cambridge Books, Cambridge University Press, number 9780521266550, October.
  2. Siegfried, John J & Tiemann, Thomas K, 1974. "The Welfare Cost of Monopoly: An Inter-Industry Analysis," Economic Inquiry, Western Economic Association International, vol. 12(2), pages 190-202, June.
  3. Klaus Stegemann, 1984. "The Social Costs of Monopoly in an Open Economy," Canadian Journal of Economics, Canadian Economics Association, vol. 17(4), pages 718-30, November.
  4. Wenders, John T, 1987. "On Perfect Rent Dissipation," American Economic Review, American Economic Association, vol. 77(3), pages 456-59, June.
  5. Young, David P. T., 1997. "Dominant firms, price leadership and the measurement of monopoly welfare losses," International Journal of Industrial Organization, Elsevier, vol. 15(5), pages 533-533, August.
  6. Posner, Richard A, 1975. "The Social Costs of Monopoly and Regulation," Journal of Political Economy, University of Chicago Press, vol. 83(4), pages 807-27, August.
  7. Cowling, Keith & Mueller, Dennis C, 1978. "The Social Costs of Monopoly Power," Economic Journal, Royal Economic Society, vol. 88(352), pages 727-48, December.
  8. Bergson, Abram, 1973. "On Monopoly Welfare Losses," American Economic Review, American Economic Association, vol. 63(5), pages 853-70, December.
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