Monopoly and Inequality
نویسندگان
چکیده
منابع مشابه
On the Formation of Capital and Wealth: IT, Monopoly Power and Rising Inequality
We show information technology (in short IT) caused rising monopoly power and rising income and wealth inequality since the 1970's. Our reasoning proceeds in four steps. step 1 examines surplus wealth the difference between firm’s wealth (equity and debt) and capital employed. Surplus wealth rose from -$0.59 Trillion in 1974 to $24 Trillion in 2015 which is 82% of total stock market value, refl...
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Using data from the 2010 China Family Panel Study and countyand industry-level statistics, we estimate cross-classified multilevel models to examine the determinants of the income gap among Chinese workers. Results show that both regional and industrial differences are important sources of income inequality in China. Taken together, they account for about one fifth of the total variation in ind...
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It is well known that if a monopolist serving a market of substitute products can perfectly price discriminate, the socially optimal set of products (or ‘characteristics’) will be supplied. This follows since the profits of the perfectly discriminating monopolist are equal to the consumers’ surplus. Thus the monopolist will provide the product selection that maximizes consumers’ surplus [see Wh...
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Consider a durable goods producer that has the option of monopolizing an aftermarket such as repair for its own product. An important question is whether such monopolization reduces welfare? We show that the anwer to this question is frequently no. In particular, we explore three models that illustrate various ways in which aftermarket monopolization can reduce inefficiencies and thus increase ...
متن کاملMonopoly, Quality, and Network Externalities1
We describe the behaviour of a monopolist supplying a vertically di¤erentiated good with network externalities. Assuming a ...xed cost of quality improvements, we show that the presence of network externalities enhances the incentive to expand output associated with scale economies. Although the quality distortion operated by the monopolist increases with network externalities, the output expan...
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ژورنال
عنوان ژورنال: Gospodarka Narodowa
سال: 2003
ISSN: 0867-0005,2300-5238
DOI: 10.33119/gn/113759