The Network Industry, Monopoly Regulation, and Social Optimum

This paper examines pricing policy, quality levels, consumer surplus and social welfare for the monopoly and non-monopoly case. It is shown that given certain realistic assumptions, the network industry under unregulated monopoly would yield more social welfare than in the case of several producers in the industry, and would therefore be socially preferred.

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Year of publication:	2008
Authors:	Spiegel, Uriel ; Ben-Zion, Uri ; Tavor, Tchai ; Templeman, Joseph
Published in:	International Journal of the Economics of Business. - Taylor & Francis Journals, ISSN 1357-1516. - Vol. 15.2008, 3, p. 323-337
Publisher:	Taylor & Francis Journals
Subject:	Monopoly \| Duopoly \| Quality \| Network Externalities \| Social Optimum

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Extent:	text/html
Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005471675