The Social Costs of Monopoly: A Survey and an Evaluation
Akdeniz İİBF Dergisi, Vol. 7, No. 13, pp. 149-164, 2007
16 Pages Posted: 17 Dec 2007
Existence of monopoly and its costs to societies have been intensely studied. However, there has been no clear view obtained yet. Studies of rent-seeking 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.
Keywords: Social costs of monopoly, Harberger's triangle, Rent-seeking theory
JEL Classification: D42, D72
Suggested Citation: Suggested Citation