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In Defense of Monopoly : How Market Power Fosters Creative Production /

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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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Bibliographic Details
Main Authors: McKenzie, Richard B. (Author), Lee, Dwight R. (Author)
Format: Electronic eBook
Language:English
Published: Ann Arbor : University of Michigan Press, [2008]
Series:Book collections on Project MUSE.
Subjects:
Production.
Monopoles.
Production (Economic theory)
Monopolies
Business & Economics / Economics / Theory.
Monopolies.
monopolies.
Electronic books.
Online Access:Full text available:
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Table of Contents:
  • "The wretched spirit of monopoly"
  • Deadweight-loss monopoly
  • Monopoly as a coordination problem
  • Welfare-enhancing monopolies
  • Locked-in consumers
  • Monopoly prices and the client and bonding effects
  • The monopsony problem
  • The NCAA: a case study of the misuse of the monopsony and monopoly models
  • Monopoly as entrepreneurship
  • Property and monopoly
  • Summing up.

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