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The theory of natural monopoly / William W. Sharkey.

Cambridge [Cambridgeshire] ; New York : Cambridge University Press, 1982.
ISBN 0521271940, 0521243947

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HD 2757.2 .S47 1982 (show me on map) Available Request
Washington Law (American)
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George Mason
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HD2757.2 .S47 1982 DUE 05-15-1997
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Other Title Natural monopoly.
Subjects Monopol.
Description viii, 229 pages : illustrations ; 24 cm
Copyright Date 1982.
Notes Includes bibliographical references (pages 214-222) and index.
Contents Preface -- Introduction and overview -- Historical survey of natural monopoly -- Evolution of the theory of natural monopoly -- Natural monopoly and economies of scale -- Natural monopoly and destructive competition -- Concluding comments -- Natural monopoly and economic theory: some basic results -- Competitive equilibrium and monopoly equilibrium -- General competitive equilibrium -- The theory of joint production -- Fixed costs and the theory of cross-subsidization -- The theory of the firm and increasing returns -- Public goods and collective choice -- Public enterprise pricing and the theory of the second best -- Concluding comments -- Natural monopoly and sub additivity of costs -- Natural monopoly in a single output market -- Multiple output natural monopoly: basic results -- Sufficient conditions for subadditivity in multiple output production -- Plant subadditivity and firm subadditivity -- Transactions costs and firm subadditivity -- Concluding comments -- Sustainability of natural monopoly -- Sustainability of single output natural monopoly -- Sustainability of multiple output natural monopoly -- A game theoretic approach to crosssubsidization and the stability of natural monopoly -- Concluding comments -- A game theoretic analysis of destructive competition -- Game theoretic preliminaries -- Sufficient conditions for a stable market -- Destructive competition: examples of unstable markets -- Concluding comments -- Competition in natural monopoly and natural oligopoly markets -- The rationale for regulation -- Contestable markets and barriers to entry -- Some complications in a dynamic natural monopoly market -- Limit and predatory pricing -- Concluding comments -- Noncooperative equilibria in a contestable market -- Natural monopoly and the telecommunications industry -- The nature of demand in telecommunications -- Characteristics of telecommunications technology -- Econometric studies of the telecommunications industry -- Competition in telecommunications and the changing structure of the industry -- Concluding comments -- References -- Index.
Network Numbers (OCoLC)8170563
WorldCat Search OCLC WorldCat
WorldCat Identities Sharkey, William W.
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