The Social Costs of Monopoly: A Survey and an Evaluation

Akdeniz İİBF Dergisi, Vol. 7, No. 13, pp. 149-164, 2007

16 Pages Posted: 17 Dec 2007  

Erdal Gumus

Eskisehir Osmangazi University - Department of Public Finance

Abstract

Existence of monopoly and its costs to societies have been intensely studied. However, there has been no clear view obtained yet. Studies of rent-seeking approach of the public choice school even make the issue more interesting. This paper surveys from traditional Harberger's triangle approach of social costs of monopoly to the most recent studies and drive some conclusions from it.

Keywords: Social costs of monopoly, Harberger's triangle, Rent-seeking theory

JEL Classification: D42, D72

Suggested Citation

Gumus, Erdal, The Social Costs of Monopoly: A Survey and an Evaluation. Akdeniz İİBF Dergisi, Vol. 7, No. 13, pp. 149-164, 2007. Available at SSRN: https://ssrn.com/abstract=1075248

Erdal Gumus (Contact Author)

Eskisehir Osmangazi University - Department of Public Finance ( email )

Meselik Campus
Eskisehir, 26480
Turkey
+222 239 37 50/1751 (Phone)

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