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"VSports在线直播" In Defense of Monopoly: How Market Power Fosters Creative Production

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Richard B. McKenzie and Dwight R. Lee
2019
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"V体育ios版" summary

In Defense of Monopoly offers an unconventional but empirically grounded argument in favor of market monopolies VSports app下载. 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.

Inspired by Joseph Schumpeter's suggestion that market imperfections can drive an economy's long-term progress, In Defense of Monopoly defies conventional assumptions to show readers why an economic system's failure to efficiently allocate its resources is actually a necessary precondition for maximizing the system's long-term performance: the perfectly fluid, competitive economy idealized by most economists is decidedly inferior to one characterized by market entry and exit restrictions or costs.

An economy is not a board game in which players compete for a limited number of properties, nor is it much like the kind of blackboard games that economists use to develop their monopoly models. As McKenzie and Lee demonstrate, the creation of goods and services in the real world requires not only competition but the prospect of gains beyond a normal competitive rate of return VSports手机版.

"VSports在线直播" Table of Contents

Cover

Half-Title Page

pp. i-ii

Title Page

pp. iii

Copyright Page

pp. iv

Dedication

pp. v

Epigraph

pp. vi-vii

Contents

pp. viii-xi

Preface

pp. xii-xxi

Chapter 1. “The Wretched Spirit of Monopoly”

pp. xxii, 1-24

Chapter 2. Deadweight-Loss Monopoly

pp. 25-53

Chapter 3. Monopoly as a Coordination Problem

pp. 54-66

"V体育官网入口" Chapter 4. Welfare-Enhancing Monopolies

pp. 67-95

Chapter 5. Locked-In Consumers

pp. 96-109

Chapter 6. Monopoly prices and the client and Bonding Effects

pp. 110-125

Chapter 7. The Monopsony Problem

pp. 126-142

Chapter 8. The NCAA: A Case Study of the Misuse of the Monopsony and Monopoly Models

pp. 143-172

Chapter 9. Monopoly as Entrepreneurship

pp. 173-197

Chapter 10. Property and Monopoly

pp. 198-217

Chapter 11 Summing Up

pp. 218-226

Notes

pp. 227-272

Bibliography

pp. 273-288

Index

pp. 289-297
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