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Reflections on Learner's index of monopoly power (1995)

Cairns, Robert D.

Springer

Review of industrial organization 10 (1995), S. 83-96

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ISSN: 1573-7160

Keywords: monopoly power ; index ; profit ; rent ; D40,L10

Source: Springer Online Journal Archives 1860-2000

Topics: Economics

Notes: Abstract Lerner's index of monopoly power is considered in light of four axioms or principles the index should exhibit. The index is then defined for various types of market, involving externality, dynamics, increasing returns to scale, multiproduction, price discrimination and non-zero cross-elasticities of demand. The role of monopoly profit as opposed to non-competitive distortions becomes more important with greater generality. A supplementary index is defined to measure rents to technology.

Type of Medium: Electronic Resource

URL: http://dx.doi.org/10.1007/BF01024261

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