Second-best antitrust in general equilibrium: a special case

Authors
Hansen, CT
Citation
Ct. Hansen, Second-best antitrust in general equilibrium: a special case, ECON LETT, 63(2), 1999, pp. 193-199
Citations number
4
Categorie Soggetti
Economics
Journal title
ECONOMICS LETTERS
ISSN journal
01651765 → ACNP
Volume
63
Issue
2
Year of publication
1999
Pages
193 - 199
Database
ISI
SICI code
0165-1765(199905)63:2<193:SAIGEA>2.0.ZU;2-3
Abstract
(i) Regulation of only some monopolistic industries decreases welfare if a large fraction of industries are monopolistic. (ii) The difference between the conventional dead-weight loss and the true welfare loss grows progressi vely as the monopolistic part of the economy grows. (C) 1999 Elsevier Scien ce S.A. All rights reserved.