We study the regulation of a monopolistic firm using robust-design approach. solve for policy that minimizes regulator's worst-case regret, where regret is difference between his complete-information payoff minus realized payoff. When consumers' surplus, it optimal to impose price cap. The cap balances benefit from more surplus consumers and loss underproduction. plus firm's profit, he offers p...

This paper is about the dissemination of knowledge across the curriculum and the role business education can play in elevating student awareness and understanding of interdisciplinary thoughts. Most importantly, it explores the importance of thoughtful appreciation of divergent educational paradigms and how such an appreciation can be the bridge toward cohesive, contemporary, and meaningful lea...

In his book Making Globalization Work, Joseph Stiglitz proposes reforms to address problems arising from the global spread of capitalism, problems that he asserts are not inherent to globalization or capitalism but are due to the way those systems have been “managed.” Conversely, postcolonial feminist theorist Chanda Talpade Mohanty’s analysis of those same systems demonstrates that capitalism ...

Concepts like knowledge society, information society, postmodern society, postindustrial society, Internet society, and network society fail to grasp the dialectic of the continuity and discontinuity of society. These concepts take the changes associated with new media as radical novelties and ignore the continuing dominance of capitalist structures. Contemporary capitalism is highly antagonist...

In recent years, the Marxian concept of primitive accumulation has become increasingly prominent in discussions of capitalist development in third world countries. 1 It is argued within the literature that neoliberal globalization has greatly hastened the process of dispossession of resources through large scale privatization of land, water, forests etc which can best be captured through the le...

The administrative monopoly breaks the principle of justice, and has large harm to the society. The special chapter in Chinese Antimonopoly Law regulates the contents and corresponding legal responsibilities of administrative monopoly, but the law still has some deficiencies. The Chinese Antimonopoly Law should be perfected from increasing the operation property, confirming the comprehensive le...

This paper tries to bring together the basic explanation of monopolies and Schumpeterian hypothesis of type and size of firm stimulating innovation by taking into account some literature that relates these two. It is a brief literature synthesis and sets grounds for future empirical research to test the Schumpeterian hypotheses.

Recent papers have argued that a monopoly firm might be able to maximize its profit by allowing some customers to steal its product. In particular, with network externalities, it is claimed that allowing piracy can be profitable because it increases the user base of the product and raises the willingness-to-pay of other customers. In this paper we analyze these claims when the producer can free...