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 inflation which seems to have become endemic to much of the world, along with the perception that the prime culprits are the monopolistic issue

Given the temper of the times it was surprising that following the American Revolution there appeared proposals for national systems of education.

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

Robert Nozick’s Anarchy, State, and Utopia (New York: Basic Books, 1974) is an “invisible hand” variant of a Lockean contractaria

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

Robert Nozick’s widely hailed Anarchy, State, and Utopia has been analyzed primarily in terms of the arguments he engages in with his fellow

When government monopolization of the roadways is discussed by economists, the “externalities” argument is usually raised.

As every honest man knows, crime doesn’t pay. Our main problem is that apparently no one has yet told the criminals.