In defense of monopoly / Richard B. McKenzie and Dwight R. Lee.
In Defense of Monopoly offers an unconventional but empirically grounded argument in favor of market monopolies. Authors McKenzie and Lee claim that conventional, static models exaggerate the harm done by real-world monopolies, and they show why some degree of monopoly presence is necessary to maxim...
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| Place / Publishing House: | Ann Arbor, Michigan : : University of Michigan Press,, [2008] ©2008 |
| Year of Publication: | 2008 |
| Language: | English |
| Physical Description: | 1 online resource (xxi, 297 pages) :; illustrations |
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Table of Contents:
- Chapter 1. "The wretched spirit of monopoly"
- Chapter 2. Deadweight-loss monopoly
- Chapter 3. Monopoly as a coordination problem
- Chapter 4. Welfare-enhancing monopolies
- Chapter 5. Locked-in consumers
- Chapter 6. Monopoly prices and the client and bonding effects
- Chapter 7. The monopsony problem
- Chapter 8. The NCAA: a case study of the misuse of the monopsony and monopoly models
- Chapter 9. Monopoly as entrepreneurship
- Chapter 10. Property and monopoly
- Chapter 11. Summing up.