Citation
T. James et J. Mchardy, MONOPOLY WELFARE LOSSES AND ELASTICITY, Economics letters, 54(3), 1997, pp. 251-252
Citations number
3
Categorie Soggetti
Economics
Journal title
ISSN journal
01651765
Volume
54
Issue
3
Year of publication
1997
Pages
251 - 252
Database
ISI
SICI code
0165-1765(1997)54:3<251:MWLAE>2.0.ZU;2-S
Abstract
In this note it is shown that if constant marginal costs and linear de
mand are assumed then it is possible to derive a simple relationship b
etween monopoly welfare losses as a proportion of the value of sales a
nd the level of elasticity in the monopoly outcome. (C) 1997 Elsevier
Science S.A.