Scribd Logo
Upload

Welcome to Scribd!

  • Monopoly II: Session Overview

    Uploaded by

    CoursePin
    18 views2 pages
    This lecture discusses additional complexities around monopolies: [1] Monopolies may charge different prices to different customers, known as price discrimination; [2] While governments aim to limit monopoly power, they sometimes encourage monopolies in specific cases; [3] Topics covered in more depth include price discrimination, sources of monopoly like cost advantages and government actions, price regulation, and contestable markets using the airline industry as an example.

    Original Description:

    Original Title

    Monopoly II.docx

    Copyright

    © Attribution Non-Commercial (BY-NC)

    Available Formats

    DOCX, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Report this Document
    This lecture discusses additional complexities around monopolies: [1] Monopolies may charge different prices to different customers, known as price discrimination; [2] While governments aim to limit monopoly power, they sometimes encourage monopolies in specific cases; [3] Topics covered in more depth include price discrimination, sources of monopoly like cost advantages and government actions, price regulation, and contestable markets using the airline industry as an example.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    18 views2 pages

    Monopoly II: Session Overview

    Uploaded by

    CoursePin
    This lecture discusses additional complexities around monopolies: [1] Monopolies may charge different prices to different customers, known as price discrimination; [2] While governments aim to limit monopoly power, they sometimes encourage monopolies in specific cases; [3] Topics covered in more depth include price discrimination, sources of monopoly like cost advantages and government actions, price regulation, and contestable markets using the airline industry as an example.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 2

    Monopoly II

    Session Overview
    The analytical picture of monopolies presented in our last lecture may be too simple. Monopolies may not always charge the same price to every customer they can choose to charge different prices, a phenomenon known as price discrimination. Monopolies are regulated by governments to limit their market power, yet in some cases governments may encourage the operation of monopolies. These cases are discussed in greater detail in this lecture. The U.S. Department of Justice enforces antitrust laws. Image courtesy of John Taylor on Flickr. Keywords: Monopoly; price discrimination; natural monopolies; price regulation; antitrust policy; mergers; contestable markets.

    Session Activities
    Readings Read the recitation notes, which cover new content that adds to and supplements the material covered in lecture.

    Recitation: Price Ceilings and Price Floors (PDF)

    Before watching the lecture video, read the course textbook for an introduction to the material covered in this session:

    [R&T] Chapter 10, "Monopoly." [R&T] Chapter 16, "Antitrust Policy and Business Regulation." [Perloff] Chapter 11, "Monopoly." (optional)

    Lecture Videos

    View Full Video


    Lecture 15: Monopoly II (00:48:24) Transcript (PDF)

    View By Chapter

    Examples of Price Discrimination (00:08:32) Sources of Monopoly Formation: Cost Advantages (00:05:58) Sources of Monopoly Formation: Government Actions (00:08:32) Price Regulation (00:15:05) Contestable Market: The Airline Industry (00:10:13)

    Resources

    Graphs and Figures (PDF)

    Further Study
    These optional resources are provided for students that wish to explore this topic more fully. Textbook Study Materials See the [Perloff] companion website for an overview of the main topics covered in the chapter, as well as quizzes, applications, and other related resources.

    Chapter 11

    You might also like