known. Using the example of Pennsylvania's state liquor retailing monopoly, we use information on store location choices … configuration. An alternative to a state monopoly would be the common practice of regulated private entry. While such regimes can …

monopoly in wholesale and retail alcohol distribution. The combination of a market decline in the availability of alcohol …, reduced variety, and monopoly pricing at state-operated outlets encouraged black markets in alcohol. Because black market …

-established regulator faces a privately owned monopoly. It is sometimes forgotten that this model does not apply in many places where a … 20 years, analyzing its impact on consumers' welfare, the monopoly's profitability and its productivity. Though the …

Since bank deposits and currency are substitutes and banks have monopoly power, higher nominal interest rates lead to …

include pre-existing monopoly power as well. We show that the existence of monopoly power has two offsetting effects on … welfare. First, the environmental policy reduces monopoly profits, and the negative effect on income increases labor supply in … interaction with the pre-existing monopoly distortion further exacerbates the labor supply distortion. This second effect is …

government monopoly …