Introduction to Harberger's Monopoly and Resource Allocation --The Pioneering Article on Deadweight Loss and Empirical Measurement of the Social Costs of Monopoly
HarbergerÃ¢â‚¬â„¢s 1954 article broke with the then-current economic orthodoxy and set monopoly research on a path that would lead to a strong shift toward empiricism and the development of a more cautious approach for antitrust enforcement.
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