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The Theory of Natural Monopoly - William W. Sharkey

The Theory of Natural Monopoly

Paperback Published: 14th March 1983
ISBN: 9780521271943
Number Of Pages: 240

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The theory of natural monopoly has been substantially transformed in previous years. Ina clear and straightforward style, Dr. Sharkey gives an integrated presentation of the modern approach to this subject. Although the book is mainly conceptual in nature, the final chapter on natural monopoly in the telecommunications industry shows the practical applications of the theory. After an historical survey of natural monopoly, there follows a chapter stating and explaining the main results as well as giving a preliminary overview of the rest of the book, where concepts such as the subadditivity of costs, optimal pricing, sustainability, and destructive competition are presented. The essence of the subject is presented in a manner accessible to the general reader, though the book also provides a synthesis of the subject suitable for advanced students.

Introduction and overview
Historical survey of natural monopoly
Natural monopoly and economic theory: some basic results
Natural monopoly and subadditivity of costs
Sustainability of natural monopoly
A game theoretic analysis of destructive competition
Competition in natural monopoly and natural oligopoly markets
Noncooperative equilibria in a contestable market
Natural monopoly and the telecommunications industry
Table of Contents provided by Publisher. All Rights Reserved.

ISBN: 9780521271943
ISBN-10: 0521271940
Audience: Tertiary; University or College
Format: Paperback
Language: English
Number Of Pages: 240
Published: 14th March 1983
Country of Publication: GB
Dimensions (cm): 22.86 x 15.24  x 1.3
Weight (kg): 0.33