Are Government Monopolies Inherently Inefficient?KENT GRUSENDORF
Gordon Tullock's (1967) analysis of "The Welfare Costs of Monopolies, Tariffs, and Theft" revealed that these outcomes are more inefficient than implied by traditional welfare economics, because individuals use scarce resources to secur... RD Congleton - Springer US 被引量: 8发表: 2003年 ...
Monopolies over a particular commodity, market, or aspect of production are considered good or economically advisable in cases where free-market competition would be economically inefficient. They may also be beneficial if the price to consumers is regulated, or high risk and high entry costs inhibit...
Because monopoly firms do not have to compete with other firms, the outcome in a market with a monopoly is often a. not in the best interest of society. b. one that fails to maximize total economic well-being. c. inefficient. d. All of the above are correct. ...
Companies become lazy, inefficient and lack the motivation to improve. You can’t blame them. And judging by their bank accounts, they’re doing a great job. The sufferers are the customers who, like Emily, get terrible service at higher prices and have no choice… Internal monopolies Most...
Also, there are many public universities which function in an inefficient manner thanks to taxpayer grants from local, state and federal government. These institutes do not have any reason to become more efficient. Their survival is not threatened by their inefficient operations. This makes other pr...
years ago. “Super large companies are bad because they’re too powerful—when they choose to be. They’re also bad because they are too lazy and clumsy and have no idea what is going on most of the time. Because their size means they don’t have to pay attention,” Mr. Lynn said...
Because the competitive economy of emission and the production of gases in presence of externalities are inefficient, fighting externalities through monopoly structure policy is legitimate. In this monopoly market structure policy, objectively target to shift production levels into a more social-economic le...
Illinois Rates High Electricity rates in Illinois are about 30 percent higher than the Midwestern average, mostly because of poor planning and bad investments in inefficient nuclear plants, says the Citizens Utility Board, a consumer advocate group. The state also has large cost disparities among ...