9780521368629-0521368626-The Regulation of Monopoly

The Regulation of Monopoly

ISBN-13: 9780521368629
ISBN-10: 0521368626
Edition: Illustrated
Author: Roger Sherman
Publication date: 1989
Publisher: Cambridge University Press
Format: Paperback 328 pages
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Book details

ISBN-13: 9780521368629
ISBN-10: 0521368626
Edition: Illustrated
Author: Roger Sherman
Publication date: 1989
Publisher: Cambridge University Press
Format: Paperback 328 pages

Summary

The Regulation of Monopoly (ISBN-13: 9780521368629 and ISBN-10: 0521368626), written by authors Roger Sherman, was published by Cambridge University Press in 1989. With an overall rating of 4.0 stars, it's a notable title among other Economic Policy & Development (Economics, Macroeconomics, Microeconomics, Theory) books. You can easily purchase or rent The Regulation of Monopoly (Paperback) from BooksRun, along with many other new and used Economic Policy & Development books and textbooks. And, if you're looking to sell your copy, our current buyback offer is $0.3.

Description

This study shows how to develop ideal policies when monopoly must be relied upon in place of competition and it explains why it will be difficult to induce monopolies to pursue such policies. The author develops economic welfare foundations that allow for the evaluation of an enterprise's performance from a social welfare point of view. When competition can function it brings out the best possible performance. When competition cannot function, however, welfare foundations can be used to prescribe socially desirable policies. Without competition, an enterprise is not induced to pursue these policies. Indeed, incentives created within public utilities are shown to be quite undesirable. The book examines what is known about ways to improve these incentives and familiarizes the reader with all major tools of analysis for monopoly regulation.

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