Bookmark and Share    

The Monopoly Nonproblem: Taking Price Discrimination Seriously
By Stephen Shmanske
This article appeared in the Winter 2006 issue of The Independent Review


Abstract

The standard economic theory of monopoly assumes, unrealistically, that all units of a good or service must be sold at the same price. The remedy for this serious flaw in the theory is for economists to treat price discrimination much more centrally and seriously.



Other Independent Review articles by Stephen Shmanske
    Fall 1996   Information Asymmetries in Health Services



Volume 10 Number 3
Winter 2006

Subscribe Today

Buy Single Issues

Independent Review Issues

Articles by Subject

Independent Review Articles on Related Subjects