This paper extends the traditional analysis of the output effect under monopoly (third-degree) price discrimination to … effect on total output. …

This paper extends the traditional analysis of the output effect under monopoly (third- degree) price discrimination to … effect on total output. …

Ludwig von Mises and Murray Rothbard tended to emphasize the same requirement for a monopoly price to emerge, as far as … regard to the question of the limits to monopoly pricing. The inelasticity of demand criterion of both authors left less room … for monopoly prices in their theoretical constructs of a hampered market economy than there really is. If one wants to …

This note compares monopoly equilibrium outcomes with those of duopoly when firms price their products with two … entry fee under certain market conditions. In turn, monopoly is likely to result in greater aggregate consumer surplus, net …

complete market failure can occur, i.e., no output is produced despite some production is socially desirable …