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Note sur le monopole naturel et le monopole pratique chez J. S. Mill

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  • Guy Numa

Abstract

J.S. Mill is generally considered to be the theorist who gave birth to the concept of natural monopoly in its modern sense. Yet, no author has specified that Mill distinguishes two types of monopoly, the “natural monopoly” and the “practical monopoly”. I show that Mill’s notion of “practical monopoly” appears to describe the contemporary meaning of natural monopoly. However both notions have a common thread: they signify the benefits of occupying a privileged or strategic position. Classification JEL : B12, B31, D42

Suggested Citation

  • Guy Numa, 2010. "Note sur le monopole naturel et le monopole pratique chez J. S. Mill," Revue économique, Presses de Sciences-Po, vol. 61(2), pages 341-352.
  • Handle: RePEc:cai:recosp:reco_612_0341
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    More about this item

    JEL classification:

    • B12 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - Classical (includes Adam Smith)
    • B31 - Schools of Economic Thought and Methodology - - History of Economic Thought: Individuals - - - Individuals
    • D42 - Microeconomics - - Market Structure, Pricing, and Design - - - Monopoly

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