Brown, Donald J.; Wood, G.A. - Cowles Foundation for Research in Economics, Yale University - 2004
A general equilibrium analysis of monopoly power is proposed as an alternative to the partial equilibrium analyses of … inequalities over market data from observations on a market economy with competitive factor markets. The social cost of monopoly … power is measured using Debreu's coefficient of resource utilization. That is, we propose Pareto optimality as the ultimate …