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Informational Structure and Effciency in Monopoly

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Author Info

  • Babu Nahata

    (University of Louisville)

  • Serguei Kokovin

    (Novosibirsk State University)

  • Evgeny Zhelobodko

    (Novosibirsk State University)

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.

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File URL: http://128.118.178.162/eps/get/papers/0307/0307004.pdf
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Bibliographic Info

Paper provided by EconWPA in its series General Economics and Teaching with number 0307004.

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Length: 25 pages
Date of creation: 03 Jul 2003
Date of revision:
Handle: RePEc:wpa:wuwpgt:0307004

Note: Type of Document - Acrobat PDF; prepared on IBM PC; to print on HP/PostScript/; pages: 25
Contact details of provider:
Web page: http://128.118.178.162

Related research

Keywords: Monopoly; Pareto Efficiency;

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References

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  1. Varian, Hal R, 1985. "Price Discrimination and Social Welfare," American Economic Review, American Economic Association, vol. 75(4), pages 870-75, September.
  2. Schmalensee, Richard., 1980. "Output and welfare implications of monopolistic third-degree price discrimination," Working papers 1095-80., Massachusetts Institute of Technology (MIT), Sloan School of Management.
  3. Babu Nahata & Serguei Kokovin & Evgeny Zhelobodko, 2003. "Package Sizes, Tariffs, Quantity Discount and Premium," General Economics and Teaching 0307002, EconWPA.
  4. Armstrong, Mark & Vickers, John, 2001. "Competitive Price Discrimination," RAND Journal of Economics, The RAND Corporation, vol. 32(4), pages 579-605, Winter.
  5. Schwartz, Marius, 1990. "Third-Degree Price Discrimination and Output: Generalizing a Welfare Result," American Economic Review, American Economic Association, vol. 80(5), pages 1259-62, December.
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