The network industry, monopoly regulation, and social optimum

Uriel Spiegel; Uri Ben-Zion; Tchai Tavor; Joseph Templeman

doi:10.1080/13571510802465104

The network industry, monopoly regulation, and social optimum

Uriel Spiegel
, Uri Ben-Zion
, Tchai Tavor
, Joseph Templeman

Department of Economics

Research output: Contribution to journal › Article › peer-review

1 Scopus citations

Abstract

This paper examines pricing policy, quality levels, consumer surplus and social welfare for the monopoly and non-monopoly case. It is shown that given certain realistic assumptions, the network industry under unregulated monopoly would yield more social welfare than in the case of several producers in the industry, and would therefore be socially preferred.

Original language	English
Pages (from-to)	323-337
Number of pages	15
Journal	International Journal of the Economics of Business
Volume	15
Issue number	3
DOIs	https://doi.org/10.1080/13571510802465104
State	Published - 1 Nov 2008

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

SDG 1 No Poverty

Keywords

Duopoly
Monopoly
Network externalities
Quality
Social optimum

ASJC Scopus subject areas

Business, Management and Accounting (miscellaneous)
Economics and Econometrics

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10.1080/13571510802465104

Cite this

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AB - This paper examines pricing policy, quality levels, consumer surplus and social welfare for the monopoly and non-monopoly case. It is shown that given certain realistic assumptions, the network industry under unregulated monopoly would yield more social welfare than in the case of several producers in the industry, and would therefore be socially preferred.

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KW - Network externalities

KW - Quality

KW - Social optimum

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The network industry, monopoly regulation, and social optimum

Abstract

UN SDGs

Keywords

ASJC Scopus subject areas

Access to Document

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