An Alternative to Natural Monopoly

We consider a shared ownership arrangement among consumers/owners as a means to organize production with an underlying decreasing average cost function typical of natural monopolies. The resulting output allocation yields a lower deadweight loss than the monopoly allocation, and is, in some cases, efficient.

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Year of publication:	2019
Authors:	Carbonell-Nicolau, Oriol
Publisher:	New Brunswick, NJ : Rutgers University, Department of Economics
Subject:	natural monopoly \| deaweight loss from monopoly \| decreasing average costs

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Series:	Working Paper ; 2019-04
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Working Paper
Language:	English
Other identifiers:	1686138407 [GVK] hdl:10419/246481 [Handle] RePEc:rut:rutres:201904 [RePEc]
Classification:	L12 - Monopoly; Monopolization Strategies ; L13 - Oligopoly and Other Imperfect Markets
Source:	EconStor

Persistent link: https://www.econbiz.de/10012663135