In this paper the IBIS enterprise database is used to estimate the size of the static welfare loss (particularly in the form of lost consumer surplus) due to the presence of monopoly elements in Australia.

This paper examines the relative burden of monopoly, measured using the equivalent variation, for different household income levels. Inequality measures are calculated using the complete distribution of equivalent incomes, for all households in the Australian household expenditure survey. The...

This paper demonstrates that low (below marginal cost) interconnect or access charges can be used to sustain high subscription prices in an environment of network competition with two-part tariffs and price discrimination. This result stands in contrast to other results in the literature...

In this paper we present new estimates of the degree of welfare loss in Australian manufacturing for the period 1982/3 - 1984/5.

This paper constructs a simple repeated game model to analyze how industry outcomes alter if a regulated input monopolist is allowed to integrate into the downstream retail market. Integration helps overcome double marginalization-a feature well known in the existing literature. Unlike existing...

This paper has examined the distributional effects of monopoly using quivalent variations. It was found that, whatever the size of the absolute welfare loss due to monopoly, there may be a substantial effect on the distribution of welfare.