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Showing results 1 to 10 of approximately 16.

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Journal Article
Jargon alert : Monopoly

Econ Focus , Volume 9 , Issue Sum , Pages 10

Working Paper
Learning in the marketplace: free entry is free riding

Working Papers , Paper 89-13

IER Lawrence Klein Lecture: the case against intellectual monopoly

In the modern theory of growth, monopoly plays a crucial role both as a cause and an effect of innovation. Innovative firms, it is argued, would have insufficient incentive to innovate should the prospect of monopoly power not be present. This theme of monopoly runs throughout the theory of growth, international trade, and industrial organization. We argue that monopoly is neither needed for, nor a necessary consequence of, innovation. In particular, intellectual property is not necessary for, and may hurt more than help, innovation and growth. We argue that, as a practical matter, it is more ...
Staff Report , Paper 339

Working Paper
Shared ownership and pricing in a network switch

Working Papers , Paper 94-6

Discussion Paper
Modelling complementarity in monopolistic competition

In recent years, monopolistic competition models have frequently been applied in macroeconomics, international and interregional economics, and economic growth and development. In this paper, I present a highly selective review in this area, with special emphasis on the complementarity and its role of generating multiplier processes, agglomeration, underdevelopment traps, regional disparities, and sustainable growth, or more generally, what Myrdal (1957) called the principle of circular and cumulative causation.
Discussion Paper / Institute for Empirical Macroeconomics , Paper 81

Journal Article
Antitrust issues in payment systems: bottlenecks, access, and essential facilities

Business Review , Issue Sep , Pages 3-12

New and larger costs of monopoly and tariffs

Fifty-eight years ago, Harberger (1954) estimated that the costs of monopoly, which resulted from misallocation of resources across industries, were trivial. Others showed the same was true for tariffs. This research soon led to the consensus that monopoly costs are of little significance?a consensus that persists to this day. ; This paper reports on a new literature that takes a different approach to the costs of monopoly. It examines the costs of monopoly and tariffs within industries. In particular, it examines the histories of industries in which a monopoly is destroyed (or tariffs ...
Staff Report , Paper 468

Journal Article
A matter of antitrust: the debate over the role of government as referee of market competition

Related link(s): https://www.richmondfed.org/-/media/richmondfedorg/publications/research/econ_focus/2009/summer/feature3_weblinks.cfm
Econ Focus , Volume 13 , Issue Sum

Working Paper
Structure, conduct, performance, and welfare

Working Papers , Paper 92-13

Working Paper
The location and quality effects of mergers

Working Papers , Paper 92-5