LEADER 03011oam 2200541I 450 001 9910311946803321 005 20230621135714.0 010 $a0-472-12628-8 010 $a0-472-90114-1 024 7 $a10.3998/mpub.93419 035 $a(CKB)4100000007702336 035 $a(MiAaPQ)EBC5726240 035 $a(MiU)10.3998/mpub.93419 035 $a(OCoLC)1111949760 035 $a(MdBmJHUP)muse74693 035 $a(ScCtBLL)ca40723a-e63a-4b07-a1b5-68648e18f8af 035 $a(MiAaPQ)EBC6534011 035 $a(Au-PeEL)EBL6534011 035 $a(OCoLC)1247554230 035 $a(EXLCZ)994100000007702336 100 $a20190328h20082008 uy 101 0 $aeng 135 $aurcnu|||||||| 181 $ctxt$2rdacontent 182 $cc$2rdamedia 183 $acr$2rdacarrier 200 10$aIn defense of monopoly / Richard B. McKenzie and Dwight R. Lee 210 1$aAnn Arbor, Michigan :$cUniversity of Michigan Press,$d[2008] 210 4$dİ2008 215 $a1 online resource (xxi, 297 pages) $cillustrations 311 $a0-472-11615-0 320 $aIncludes bibliographical references (pages 273-288) and index (pages 289-297). 327 $gChapter 1.$t"The wretched spirit of monopoly" --$gChapter 2.$tDeadweight-loss monopoly --$gChapter 3.$tMonopoly as a coordination problem --$gChapter 4.$tWelfare-enhancing monopolies --$gChapter 5.$tLocked-in consumers --$gChapter 6.$tMonopoly prices and the client and bonding effects --$gChapter 7.$tThe monopsony problem --$gChapter 8.$tThe NCAA: a case study of the misuse of the monopsony and monopoly models --$gChapter 9.$tMonopoly as entrepreneurship --$gChapter 10.$tProperty and monopoly --$gChapter 11.$tSumming up. 330 3 $aIn Defense of Monopoly offers an unconventional but empirically grounded argument in favor of market monopolies. Authors McKenzie and Lee claim that conventional, static models exaggerate the harm done by real-world monopolies, and they show why some degree of monopoly presence is necessary to maximize the improvement of human welfare over time. Inspired by Joseph Schumpeter's suggestion that market imperfections can drive an economy's long-term progress, In Defense of Monopoly defies conventional assumptions to show readers why an economic system's failure to efficiently allocate its resources is actually a necessary precondition for maximizing the system's long-term performance: the perfectly fluid, competitive economy idealized by most economists is decidedly inferior to one characterized by market entry and exit restrictions or costs. 606 $aMonopolies 606 $aProduction (Economic theory) 615 0$aMonopolies. 615 0$aProduction (Economic theory) 676 $a338.8/2 700 $aMcKenzie$b Richard B$062292 701 $aLee$b Dwight R$0300062 712 02$aMichigan Publishing (University of Michigan), 801 0$bEYM 801 1$bEYM 906 $aBOOK 912 $a9910311946803321 996 $aIn Defense of Monopoly$92438662 997 $aUNINA