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Natural Monopoly and Its Regulation
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Natural Monopoly and Its Regulation

4.25  ·  Rating Details  ·  4 Ratings  ·  1 Review
Natural monopolies exist in those markets in which demand can be satisfied at lowest cost by the output of only one rather than several competing firms. Under such conditions, conventional wisdom suggests that government regulation must substitute for competition to discipline the behavior of firms. Thirty years ago a young professor named Richard Posner asked the provocat ...more
ebook, 116 pages
Published April 1st 1999 by Cato Institute
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Daniel Villegas
It is a book for economists and strategists or any people interested in Microeconomics and Industrial Organisation. It has none maths but a hard discussion and cases about monopoly, competitiveness and many other forms of organisations of markets as oligopoly. At the same time a hard antitrust discussion is aimed in the book. I read the book in a couple of days because is great, lite and amazing. People who don't need math (because they have) can do a hard review of microeconomics problems in th ...more
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Richard Posner is Senior Lecturer in Law at the University of Chicago Law School.

Following his graduation from Harvard Law School, Judge Posner clerked for Justice William J. Brennan Jr. From 1963 to 1965, he was assistant to Commissioner Philip Elman of the Federal Trade Commission. For the next two years he was assistant to the solicitor general of the United States. Prior to going to Stanford
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More about Richard A. Posner...

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