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UNA NOTA SOBRE EL COSTO SOCIAL DEL MONOPOLIO
Ricardo Paredes M.
Cuadernos de Economía
Año 28, No. 85 (Diciembre 1991), pp. 521-526
Stable URL: http://www.jstor.org/stable/23830536
Page Count: 6
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In this note we show that a general underestimation of the social cost of monopoly exists in the literature. This is so because the concept of producer surplus is not well understood. The main conclusion arrived in this note is that the existence of producer surplus and a monopoly-monopsony situation should not be analyzed separately, and that this situation implies a particular incentive to vertical integration by monopolies.
Cuadernos de Economía © 1991 Instituto de Economia, Pontificia Universidad Catolica de Chile