In defense of monopoly : how market power fosters creative production
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 maximize the improvement of human welfare over time
Print Book, English, ©2008
University of Michigan Press, Ann Arbor, ©2008
xxi, 297 pages : illustrations ; 24 cm
9780472116157, 0472116150
141383126
"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