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The Distributional Effects of Monopoly
Author(s) -
Creedy John,
Dixon Robert
Publication year - 1999
Publication title -
australian economic papers
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.351
H-Index - 15
eISSN - 1467-8454
pISSN - 0004-900X
DOI - 10.1111/1467-8454.00053
Subject(s) - monopoly , economics , welfare , distribution (mathematics) , deadweight loss , variation (astronomy) , labour economics , microeconomics , public economics , demographic economics , market economy , mathematics , mathematical analysis , physics , astrophysics
This paper examines the relative burden of monopoly, measured using the equivalent variation, for different household income levels. The results indicate that, whatever the size of the absolute welfare loss due to monopoly, there may be a substantial effect on the distribution of welfare.