05177nam 2200601 a 450 991097028140332120251116181933.01-62417-529-5(CKB)2550000001043664(EBL)3021753(SSID)ssj0000875535(PQKBManifestationID)12390477(PQKBTitleCode)TC0000875535(PQKBWorkID)10890016(PQKB)10907136(MiAaPQ)EBC3021753(Au-PeEL)EBL3021753(CaPaEBR)ebr10683494(OCoLC)836868933(BIP)34198243(EXLCZ)99255000000104366420110317d2011 uy 0engur|n|---|||||txtccrMonopolies theory, effectiveness and regulation /Robert W. Karlsen and Michael A. Pettyfer, editors1st ed.Hauppauge, N.Y. Nova Science Publishersc20111 online resource (151 p.)Business issues, competition and entrepreneurshipEconomic issues, problems and perspectivesDescription based upon print version of record.1-61324-354-5 Includes bibliographical references and index.Intro -- MONOPOLIES THEORY, EFFECTIVENESS AND REGULATION -- MONOPOLIES THEORY, EFFECTIVENESS AND REGULATION -- CONTENTS -- PREFACE -- BETWEEN NATURAL MONOPOLY AND THIRD PARTY ACCESS - SWEDISH DISTRICT HEATING MARKET IN TRANSITION -- ABSTRACT -- INTRODUCTION -- PURPOSE -- MATERIAL AND METHOD -- OUTLINE OF THE CHAPTER -- THEORETICAL FRAMEWORK: LARGE TECHNICAL SYSTEMS AND SPLINTERING URBANISM -- LARGE TECHNICAL SYSTEMS (LTS) -- SPLINTERING URBANISM -- Segmentation -- Institutional Ways to Unbundled Infrastructure -- DISTRICT HEATING - THE SWEDISH WAY -- EMERGING ISSUES -- DEREGULATION AND MARKET TRANSFORMATION -- DEREGULATION RESULTED IN RISING PRICES -- NEWS REPORTS ON DISTRICT HEATING -- Stockholm -- Karlstad -- Uppsala -- THIRD PARTY ACCESS -- CONCLUSION -- ACKNOWLEDGMENTS -- REFERENCES -- THE CAUSES OF MARKET POWER: A MARKET PROCESS PERSPECTIVE -- ABSTRACT -- INTRODUCTION -- MARKET POWER: THE MAINSTREAM PERSPECTIVE -- Assumptions of the Model of Perfect Competition -- Loss in Static Efficiency -- Loss in Productive Efficiency -- Loss in Dynamic Efficiency -- CRITICISM TO THE MAINSTREAM CONCEPT OF MARKET POWER -- Theoretical Impossibility of the Existence of a Horizontal Demand Curve -- Undesirability of the Model of Perfect Competition -- Summary -- MARKET POWER ACCORDING TO THE AUSTRIAN SCHOOL OF ECONOMICS -- The Market as Understood by the Austrian School of Economics -- Market Power in the Market Process -- The Definition of Monopoly -- The Sources of Profit -- The Valuation of Unique Resources -- The Entrepreneurial Process, Market Power and the Attainment of the Unique Resource -- Market Power in the Hampered Market -- Summary -- CONCLUSION -- REFERENCES -- A THEORETICAL MODEL OF COLLUSION AND REGULATION IN AN ELECTRICITY SPOT MARKET -- ABSTRACT -- 1. INTRODUCTION -- 2. THE ORGANIZATION OF THE ELECTRIC POWER AND RELATED LITERATURE.3. THE MODEL OF ELECTRICITY GENERATION -- 4. THE MODEL WITH COLLUSION -- CONCLUSION -- REFERENCES -- ON OPTIMAL EQUILIBRIUM STATES OF AN ECONOMY UNDER PRESENCE OF MONOPOLIES -- ABSTRACT -- INTRODUCTION -- STOCHASTIC DESCRIPTION OF AN ECONOMY -- AN ECONOMY WITH MONOPOLIES -- SELECTING OPTIMAL EQUILIBRIUM STATE OF THE ECONOMY -- AN ECONOMY UNDER INVESTMENT AND NON-INSATIABLE CONSUMERS -- CONCLUSION -- REFERENCES -- VERTICAL COLLABORATION NETWORK: STABILITY AND EFFICIENCY -- Abstract -- 1.Introduction -- 2.Model -- 2.1.CollaborationNetworks -- 2.2.GameStructure -- 2.3.Stability -- 2.4.Efficiency -- 2.5.DynamicAnalysis -- 3.Results -- 3.1.StaticModel:StabilityandEfficiency -- 3.2.DynamicModel -- 4.Conclusion -- Acknowledgments -- A.Appendix -- A.1.ProofforStabilityofNetwork(a)(theNetworkwithTWOSymmetricMaximalDominantGroupswithMaximumValueSynergy) -- A.2.ProofoftheOptimalNetworkinRegardtoIndustrialProfit -- References -- INDEX.Monopolies or market power are usually considered to be an economic threat to markets and consumers. This book examines the theory, effectiveness and regulation of monopolies across the globe. The authors present topical research on monopolies, including the natural monopoly and third party access of the Swedish district heating market; the causes of market power; and, collusion and regulation in an electricity spot market and a study of the stability and efficiency of vertical collaboration networks from a microeconomic viewpoint.Business issues, competition and entrepreneurship series.Economic issues, problems and perspectives series.MonopoliesMonopolies.338.8/2Karlsen Robert W1869163Pettyfer Michael A1869164MiAaPQMiAaPQMiAaPQBOOK9910970281403321Monopolies4477365UNINA