IDEAS home Printed from https://ideas.repec.org/h/spr/sprchp/978-3-540-79247-5_3.html
   My bibliography  Save this book chapter

The Social Costs of Monopoly Power

In: 40 Years of Research on Rent Seeking 2

Author

Listed:
  • Keith Cowling

    (Warwick University University of Maryland)

  • Dennis C. Mueller

    (Warwick University University of Maryland)

Abstract

In 1954, Arnold Harberger estimated the welfare losses from monopoly for the United States at 0.1 of 1 % of GNP. Several studies have appeared since, reconfirming Harberger’s early low estimates using different assumptions (e.g. Schwartzman, 1960; Scherer, 1970; Worcester, 1973). These papers have firmly established as part of the conventional wisdom the idea that welfare losses from monopoly are insignificant.

Suggested Citation

  • Keith Cowling & Dennis C. Mueller, 2008. "The Social Costs of Monopoly Power," Springer Books, in: Roger D. Congleton & Kai A. Konrad & Arye L. Hillman (ed.), 40 Years of Research on Rent Seeking 2, pages 67-88, Springer.
    • Handle: RePEc:spr:sprchp:978-3-540-79247-5_3
    DOI: 10.1007/978-3-540-79247-5_3
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:sprchp:978-3-540-79247-5_3. See general information about how to correct material in RePEc.

    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.

    We have no bibliographic references for this item. You can help adding them by using 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 RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.