Monopoly and Competition

Contestability theory makes a case that the pricing behavior of a multi-product natural monopolist is disciplined by the threat of entrepreneurial entry. 

This paper explains how grants of monopolistic privileges to capitalists can lower labor and land factors’ prices compared to what would prevail in a free market environment.

The standard theory of monopsony originated with Joan Robinson in her The Economics of Imperfect Competition (1933). This standard theory describes employers as facing upward-sloping supply curves of labor,

There are two views of monopoly within what might be called the broad Austrian camp.

Two objection have recently been made to the model of the free market without government.

The substitution of a monopoly price for a competitive price is tantamount to a serious restriction of the working of the most characteristic principle of the free enterprise system, i.e., of the sovereignty  of the consumers.

In 1792, Thomas Paine sounded a cautionary note about the economics of empire:

Solow seems to have no conception of human action as a process of plan coordination, although he uses Austrian-sounding language at one point in discussing "coordination failure" in the marketplace.

In 1844 Massachusetts resident Lysander Spooner (1808–1887) advertised in the public press the establishment of the American Letter Mail Company.

The goal of our inquiry here is to add weight to the Rothbardian critique of Mises’s theory of monopoly prices. We do so by highlighting the inconsistencies of the latter’s treatment