In Defense of Monopoly : How Market Power Fosters Creative Production
In Defense of Monopoly offers an unconventional but empirically grounded argument in favor of market monopolies. Authors McKenzie and Lee claim that conventional, static models exaggerate the harm done by real-world monopolies, and they show why some degree of monopoly presence is necessary to maxim...
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| Formato: | Libro |
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University of Michigan Press
2008
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| Acceso en línea: | Ver este registro en EBSCOhost |
| fields | @attributes: recordID: 1 pdfLink: plink: https://search.ebscohost.com/login.aspx?direct=true&db=nlebk&AN=2149359&site=ehost-live header: @attributes: shortDbName: nlebk uiTerm: 2149359 longDbName: eBook Collection (EBSCOhost) uiTag: AN controlInfo: bkinfo: btl: In Defense of Monopoly : How Market Power Fosters Creative Production aug: au: Richard B. McKenzie Dwight R. Lee isbn: 9780472116157 9780472126286 9780472901142 imageinfo: pubinfo: dt: @attributes: year: 2008 month: 01 day: 01 dtAvail: @attributes: year: 2019 month: 06 day: 08 pub: University of Michigan Press pubContract: University of Michigan Press place: Ann Arbor price: 0.01 limitsGroup: maxCheckoutDays: 1500 pda: N printPagesOffline: 100 printPagesOnline: 100 previewPages: 10000 prePubGroup: dewey: @attributes: class: 338.82 item: 338 .82 lc: @attributes: class: HD2757 item: HD 2757 artinfo: ui: 2149359 1196822234 formats: fmt: – @attributes: type: EB doid: NL$2149359$PDF caption: PDF download: Y – @attributes: type: EK doid: NL$2149359$EPUB caption: EPUB download: Y tig: atl: In Defense of Monopoly : How Market Power Fosters Creative Production ptl: In Defense of Monopoly aug: au: Richard B. McKenzie Dwight R. Lee su: Monopolies Production (Economic theory) sug: subj: BUSINESS & ECONOMICS / General BUSINESS & ECONOMICS / Economics / Theory LAW / Business & Financial Monopolies Production (Economic theory) ab: In Defense of Monopoly offers an unconventional but empirically grounded argument in favor of market monopolies. Authors McKenzie and Lee claim that conventional, static models exaggerate the harm done by real-world monopolies, and they show why some degree of monopoly presence is necessary to maximize the improvement of human welfare over time. Inspired by Joseph Schumpeter's suggestion that market imperfections can drive an economy's long-term progress, In Defense of Monopoly defies conventional assumptions to show readers why an economic system's failure to efficiently allocate its resources is actually a necessary precondition for maximizing the system's long-term performance: the perfectly fluid, competitive economy idealized by most economists is decidedly inferior to one characterized by market entry and exit restrictions or costs. An economy is not a board game in which players compete for a limited number of properties, nor is it much like the kind of blackboard games that economists use to develop their monopoly models. As McKenzie and Lee demonstrate, the creation of goods and services in the real world requires not only competition but the prospect of gains beyond a normal competitive rate of return. pubtype: eBook doctype: Book ougenre: Book language: English copyright: @attributes: flag: N copyrightText: holdings: @attributes: islocal: N |
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