How Tullock Dissipated the Whole Monopoly Model
5 Pages Posted: 4 May 2021
Date Written: April 27, 2021
Tullock tried to inflate the damage caused by a monopolist by including its profit. This paper proves that his attempt was unsuccessful. Instead, Tullock had successfully dissipated the whole monopoly model. Congratulations!
JEL Classification: D42
Suggested Citation: Suggested Citation