Social costs of monopoly and regulation: an empirical evaluation

Journal Article · Sun Oct 01 00:00:00 EDT 1978 · South. Econ. J.; (United States)

DOI:https://doi.org/10.2307/1057686· OSTI ID:6353334

Pustay, M W

The author examines the empirical importance of Posner's assumption that scarce resources are consumed without producing social benefits when income is redistributed from users to producers. Applying Posner's simplifying assumption to a case study of a domestic airline industry, he demonstrates that serious overestimates can result when a regulated monopoly uses its rent to attract customers from non-regulated competitors or when there is too small a difference between a monopoly's regulated price and competitive unregulated prices. 10 references. (DCK)

• Research Organization: Purdue Univ., Lafayette, IN
• OSTI ID: 6353334
• Journal Information: South. Econ. J.; (United States), Journal Name: South. Econ. J.; (United States) Vol. 45:2; ISSN SECJA
• Country of Publication: United States
• Language: English

Related Subjects

29 ENERGY PLANNING, POLICY, AND ECONOMY
290200* -- Energy Planning & Policy-- Economics & Sociology
293000 -- Energy Planning & Policy-- Policy
Legislation
& Regulation
CHARGES
COMMERCE
COMPETITION
DATA
DATA ANALYSIS
ECONOMIC ANALYSIS
ECONOMIC POLICY
ECONOMICS
INCOME
INCOME DISTRIBUTION
INFORMATION
MONOPOLIES
PUBLIC UTILITIES
REGULATIONS
RESOURCE DEPLETION
SOCIAL IMPACT