Research Article

HOW SERIOUS IS THE PROBLEM OF MONOPOLY?

Volume: 62 Number: 1 July 12, 2012
  • Cenk Gökçe Adaş
  • Yrd. Doç. Dr. Cenk Adaş
EN TR

HOW SERIOUS IS THE PROBLEM OF MONOPOLY?

Abstract

This paper provides a survey of literature for the welfare losses due to monopoly. Since 1954 economists have been trying to measure the social costs of monopolies by using different estimation techniques. The measure most frequently used to calculate the welfare losses has been consumer surplus. In 1950s and 1960s monopoly was not thought to be a big problem. The estimations showed that it only generated a loss equal to 1% of GNP. However, in 1970s and 1980s this thought has changed, and it has been accepted that monopolies are a real bad. 

Keywords

References

  1. Bergson-1973] A. Bergson. "On Monopoly Welfare Losses". The American Economic Review, 63: 853-870, December 1973.
  2. Bumpass-1976] D. L . Bumpass. "Welfare Loss Due to Monopoly". Journal of Economics, 11: 90-93, 1976.
  3. Carson-1975] R. Carson. "On Monopoly Welfare Losses: Comment". The American Economic Review, 65: 1008-1014, December 1975.
  4. Cowling-1978] K. Cowling and D. Mueller. "The Social Costs of Moı nopoly Power". The Economic Journal, 88: 727-748, December 1978.
  5. Fisher-1985] F. M. Fisher. "The Social Costs of Monopoly and regulation: Posner reconsidered". Journal of Political Economy, 93(21): 410-416, 1985.
  6. Harberger-1954] A. C. Harberger. "Monopoly and Resource Allocaı tion". The American Economic Review, 45: 77-87, May 1954.
  7. Kamerschen-1966] D. R. Kamerschen. "An Estimation of the Welfare losses from Monopoly in the American Economy". Western Economic Journal, 4: 221-236, Summer 1966.
  8. Littlechild-1981] S. C. Littlechild. "Misleading Calculations of the Social Cost of Monopoly Power". The Economic Journal, 91: 348-363, June 1981.

Details

Primary Language

English

Subjects

Business Administration

Journal Section

Research Article

Authors

Cenk Gökçe Adaş This is me

Yrd. Doç. Dr. Cenk Adaş This is me

Publication Date

July 12, 2012

Submission Date

July 12, 2012

Acceptance Date

-

Published in Issue

Year 2012 Volume: 62 Number: 1

APA
Adaş, C. G., & Adaş, Y. D. D. C. (2012). HOW SERIOUS IS THE PROBLEM OF MONOPOLY? İstanbul Üniversitesi İktisat Fakültesi Mecmuası, 62(1), 26-46. https://izlik.org/JA99CL43XA
AMA
1.Adaş CG, Adaş YDDC. HOW SERIOUS IS THE PROBLEM OF MONOPOLY? İstanbul Üniversitesi İktisat Fakültesi Mecmuası. 2012;62(1):26-46. https://izlik.org/JA99CL43XA
Chicago
Adaş, Cenk Gökçe, and Yrd. Doç. Dr. Cenk Adaş. 2012. “HOW SERIOUS IS THE PROBLEM OF MONOPOLY?”. İstanbul Üniversitesi İktisat Fakültesi Mecmuası 62 (1): 26-46. https://izlik.org/JA99CL43XA.
EndNote
Adaş CG, Adaş YDDC (July 1, 2012) HOW SERIOUS IS THE PROBLEM OF MONOPOLY? İstanbul Üniversitesi İktisat Fakültesi Mecmuası 62 1 26–46.
IEEE
[1]C. G. Adaş and Y. D. D. C. Adaş, “HOW SERIOUS IS THE PROBLEM OF MONOPOLY?”, İstanbul Üniversitesi İktisat Fakültesi Mecmuası, vol. 62, no. 1, pp. 26–46, July 2012, [Online]. Available: https://izlik.org/JA99CL43XA
ISNAD
Adaş, Cenk Gökçe - Adaş, Yrd. Doç. Dr. Cenk. “HOW SERIOUS IS THE PROBLEM OF MONOPOLY?”. İstanbul Üniversitesi İktisat Fakültesi Mecmuası 62/1 (July 1, 2012): 26-46. https://izlik.org/JA99CL43XA.
JAMA
1.Adaş CG, Adaş YDDC. HOW SERIOUS IS THE PROBLEM OF MONOPOLY? İstanbul Üniversitesi İktisat Fakültesi Mecmuası. 2012;62:26–46.
MLA
Adaş, Cenk Gökçe, and Yrd. Doç. Dr. Cenk Adaş. “HOW SERIOUS IS THE PROBLEM OF MONOPOLY?”. İstanbul Üniversitesi İktisat Fakültesi Mecmuası, vol. 62, no. 1, July 2012, pp. 26-46, https://izlik.org/JA99CL43XA.
Vancouver
1.Cenk Gökçe Adaş, Yrd. Doç. Dr. Cenk Adaş. HOW SERIOUS IS THE PROBLEM OF MONOPOLY? İstanbul Üniversitesi İktisat Fakültesi Mecmuası [Internet]. 2012 Jul. 1;62(1):26-4. Available from: https://izlik.org/JA99CL43XA