• Corpus ID: 115147001

The Social Costs of Monopoly: A Survey and an Evaluation

@article{Gumus2007TheSC,
  title={The Social Costs of Monopoly: A Survey and an Evaluation},
  author={Erdal Gumus},
  journal={Games \& Political Behavior eJournal},
  year={2007}
}
  • Erdal Gumus
  • Published 17 December 2007
  • Economics
  • Games & Political Behavior eJournal
Existence of monopoly and its costs to societies have been intensely studied. However, there has been no clear view obtained yet. Studies of rentseeking approach of the public choice school even make the issue more interesting. This paper surveys from traditional Harberger’s triangle approach of social costs of monopoly to the most recent studies and drive some conclusions from it. 
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This paper presents a model and some highly tentative empirical estimates of the social costs of monopoly and monopoly-inducing regulation in the United States. Unlike the previous studies, it
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