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HOW SERIOUS IS THE PROBLEM OF MONOPOLY?

Year 2012, Volume: 62 Issue: 1, 26 - 46, 12.07.2012

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. 

References

  • Bergson-1973] A. Bergson. "On Monopoly Welfare Losses". The American Economic Review, 63: 853-870, December 1973.
  • Bumpass-1976] D. L . Bumpass. "Welfare Loss Due to Monopoly". Journal of Economics, 11: 90-93, 1976.
  • Carson-1975] R. Carson. "On Monopoly Welfare Losses: Comment". The American Economic Review, 65: 1008-1014, December 1975.
  • Cowling-1978] K. Cowling and D. Mueller. "The Social Costs of Moı nopoly Power". The Economic Journal, 88: 727-748, December 1978.
  • Fisher-1985] F. M. Fisher. "The Social Costs of Monopoly and regulation: Posner reconsidered". Journal of Political Economy, 93(21): 410-416, 1985.
  • Harberger-1954] A. C. Harberger. "Monopoly and Resource Allocaı tion". The American Economic Review, 45: 77-87, May 1954.
  • 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.
  • Littlechild-1981] S. C. Littlechild. "Misleading Calculations of the Social Cost of Monopoly Power". The Economic Journal, 91: 348-363, June 1981.
  • Masson-1984] R. T. Masson and J. Shaanan. "Social Costs of Oligopoly and the Value of Competition". The Economic Journal, 94: 520-535, Sepı tember 1984.
  • Olson-1983] D. O. Olson and D. L . Bumpass. " A n Intertemporal Analysis of the Welfare Cost of Monopoly Power ". Working Paper, Texas Tech University, 1983.
  • Posner-1975] R. A. Posner. "The Social Costs of Monopoly and Reguı lation". Journal of Political Economy, 83(4): 807-827, August 1975.
  • Sawyer-1980] M Sawyer. "Monopoly Welfare Loss in the United Kingdom". The Manchester School, p. 331-354, 1980.
  • Scherer-1980] F. M . Scherer. Industrial Structure and Economic Per- formance, Chicago: Rand McNally.
  • Schwartzman-1960] D. Schwartzman. "The Burden of Monopoly". Journal of Political Economy, 68: 627-630, December 1960.
  • Siegfried-1974] J. J. Siegfried and T. K. Tiemann. "The Welfare cost of Monopoly: An Inter-Industry Analysis". Economic Inquiry, 12: 190-202, June 1974.
  • Stigler-1956] G. Stigler. "The Statistics of Monopoly and Merger". Journal of Political Economy, 64: 33-40, February 1956.
  • Worcester-1975] D. A. Worcester. "On Monopoly Welfare Losses: Com- ment". The American Economic Review, 65: 1015-1023, December 1975.

HOW SERIOUS IS THE PROBLEM OF MONOPOLY?

Year 2012, Volume: 62 Issue: 1, 26 - 46, 12.07.2012

Abstract

Bu çalışma, monopol yapının neden olduğu refah kayıpları için bir literatür
taraması sağlamaktadır. 1954 yılından beri iktisatçılar, farklı tahmin
teknikleri kullanarak monopolün sosyal maliyetlerini ölçmeye çalışmışlardır.
Refah kayıplarını hesaplamak için en sık kullanılan ölçme metodu tüketici
artığı olmuştur. 1950' lerde ve 1960'larda monopol büyük bir problem olarak
düşünülmemiştir. Yapılan hesaplamalar göstermiştir ki refah kayıpları
GSMH'nınyalnızca %1'ine eşittir. Bununla beraber, 1970'lerde ve 1980'lerde
bu düşünce değişmiş ve monopollerin kötü olduğu kabul edilmiştir.

References

  • Bergson-1973] A. Bergson. "On Monopoly Welfare Losses". The American Economic Review, 63: 853-870, December 1973.
  • Bumpass-1976] D. L . Bumpass. "Welfare Loss Due to Monopoly". Journal of Economics, 11: 90-93, 1976.
  • Carson-1975] R. Carson. "On Monopoly Welfare Losses: Comment". The American Economic Review, 65: 1008-1014, December 1975.
  • Cowling-1978] K. Cowling and D. Mueller. "The Social Costs of Moı nopoly Power". The Economic Journal, 88: 727-748, December 1978.
  • Fisher-1985] F. M. Fisher. "The Social Costs of Monopoly and regulation: Posner reconsidered". Journal of Political Economy, 93(21): 410-416, 1985.
  • Harberger-1954] A. C. Harberger. "Monopoly and Resource Allocaı tion". The American Economic Review, 45: 77-87, May 1954.
  • 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.
  • Littlechild-1981] S. C. Littlechild. "Misleading Calculations of the Social Cost of Monopoly Power". The Economic Journal, 91: 348-363, June 1981.
  • Masson-1984] R. T. Masson and J. Shaanan. "Social Costs of Oligopoly and the Value of Competition". The Economic Journal, 94: 520-535, Sepı tember 1984.
  • Olson-1983] D. O. Olson and D. L . Bumpass. " A n Intertemporal Analysis of the Welfare Cost of Monopoly Power ". Working Paper, Texas Tech University, 1983.
  • Posner-1975] R. A. Posner. "The Social Costs of Monopoly and Reguı lation". Journal of Political Economy, 83(4): 807-827, August 1975.
  • Sawyer-1980] M Sawyer. "Monopoly Welfare Loss in the United Kingdom". The Manchester School, p. 331-354, 1980.
  • Scherer-1980] F. M . Scherer. Industrial Structure and Economic Per- formance, Chicago: Rand McNally.
  • Schwartzman-1960] D. Schwartzman. "The Burden of Monopoly". Journal of Political Economy, 68: 627-630, December 1960.
  • Siegfried-1974] J. J. Siegfried and T. K. Tiemann. "The Welfare cost of Monopoly: An Inter-Industry Analysis". Economic Inquiry, 12: 190-202, June 1974.
  • Stigler-1956] G. Stigler. "The Statistics of Monopoly and Merger". Journal of Political Economy, 64: 33-40, February 1956.
  • Worcester-1975] D. A. Worcester. "On Monopoly Welfare Losses: Com- ment". The American Economic Review, 65: 1015-1023, December 1975.
There are 17 citations in total.

Details

Primary Language English
Subjects Business Administration
Journal Section Articles
Authors

Cenk Gökçe Adaş This is me

Yrd. Doç. Dr. Cenk Adaş This is me

Publication Date July 12, 2012
Published in Issue Year 2012 Volume: 62 Issue: 1

Cite

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.
AMA Adaş CG, Adaş YDDC. HOW SERIOUS IS THE PROBLEM OF MONOPOLY?. İstanbul Üniversitesi İktisat Fakültesi Mecmuası. July 2012;62(1):26-46.
Chicago Adaş, Cenk Gökçe, and Yrd. Doç. Dr. Cenk Adaş. “HOW SERIOUS IS THE PROBLEM OF MONOPOLY?”. İstanbul Üniversitesi İktisat Fakültesi Mecmuası 62, no. 1 (July 2012): 26-46.
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 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, 2012.
ISNAD Adaş, Cenk Gökçe - Adaş, Yrd. Doç. Dr. Cenk. “HOW SERIOUS IS THE PROBLEM OF MONOPOLY?”. İstanbul Üniversitesi İktisat Fakültesi Mecmuası 62/1 (July 2012), 26-46.
JAMA 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, 2012, pp. 26-46.
Vancouver Adaş CG, Adaş YDDC. HOW SERIOUS IS THE PROBLEM OF MONOPOLY?. İstanbul Üniversitesi İktisat Fakültesi Mecmuası. 2012;62(1):26-4.