The Social Costs of Monopoly Power

The Social Costs of Monopoly and Regulation

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THE SOCIAL COST OF MONOPOLY POWER By

analysis of power in the network society

اندیشمندان و صاحب نظران علوم اجتماعی بر این باورند که مرحله تازه ای در تاریخ جوامع بشری اغاز شده است. ویژگیهای این جامعه نو را می توان پدیده هایی از جمله اقتصاد اطلاعاتی جهانی ، هندسه متغیر شبکه ای، فرهنگ مجاز واقعی ، توسعه حیرت انگیز فناوری های دیجیتال، خدمات پیوسته و نیز فشردگی زمان و مکان برشمرد. از سوی دیگر قدرت به عنوان موضوع اصلی علم سیاست جایگاه مهمی در روابط انسانی دارد، قدرت و بازتولید...

Another Perverse Effect of Monopoly Power

We show that the simple fact that a monopolist sells a good in units which are indivisible may well induce him to select a quality for his product which is not the highest one, even if no cost of any sort is attached to quality improvement. ∗CORE, université catholique de Louvain †CEREC, Facultés universitaires Saint-Louis & CORE, université catholique de Louvain 1. Even leaving aside price dis...

Monopoly Quality Differentiation with Top-quality Dependent Fixed Costs

This paper extends the standard monopoly quality differentiation model by Mussa and Rosen (1978) to an environment where the production of a (qualitydifferentiated) product-line involves initial fixed investments in common assets such as production facilities or R&D. The fixed cost depends solely on the level of the highest quality, and the invested asset is shared among all the qualities in th...