In defense of monopoly : how market power fosters creative production / Richard B. McKenzie and Dwight R. Lee.
In Defense of Monopoly offers an unconventional but empirically grounded argument in favor of market monopolies. Authors McKenzie and Lee claim that conventional, static models exaggerate the harm done by real-world monopolies, and they show why some degree of monopoly presence is necessary to maxim...
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| Main Authors: | , |
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| Format: | Ebook |
| Language: | English |
| Published: |
Ann Arbor :
University of Michigan Press,
[2008]
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| Subjects: | |
| Online Access: | JSTOR Open Access Access via Directory of Open Access Books Table of contents Publisher description |
| Summary: | In Defense of Monopoly offers an unconventional but empirically grounded argument in favor of market monopolies. Authors McKenzie and Lee claim that conventional, static models exaggerate the harm done by real-world monopolies, and they show why some degree of monopoly presence is necessary to maximize the improvement of human welfare over time. |
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| Physical Description: | 1 online resource (xxi, 297 pages) : illustrations |
| Bibliography: | Includes bibliographical references and index. |
| ISBN: | 0472116150 9780472116157 |