IV explores the implications of the analysis for a variety of issues relating to monopoly and public regulation, such as …, suffer a loss, that is not offset by gains to the monopolist. This is the "deadweight loss" from monopoly, and in … conventional analysis the only social cost of monopoly. The loss suffered by those who continue to buy the product at the higher …

a rent-seeking contest. The propositions are derived from a model of monopoly rent-seeking where firms are assumed to …-seeking rivals are differentially situated in terms of the ease with which monopoly can be obtained. The paper considers a special … case where an incumbent in a monopoly franchise conferred by a governmental body enjoys a unique comparative advantage in …

IV explores the implications of the analysis for a variety of issues relating to monopoly and public regulation, such as …, suffer a loss, that is not offset by gains to the monopolist. This is the "deadweight loss" from monopoly, and in … conventional analysis the only social cost of monopoly. The loss suffered by those who continue to buy the product at the higher …