Monopoly welfare losses and elasticity

Timothy James, Jolian McHardy

Research output: Contribution to journalArticle

1 Citation (Scopus)

Abstract

In this note it is shown that if constant marginal costs and linear demand are assumed then it is possible to derive a simple relationship between monopoly welfare losses as a proportion of the value of sales and the level of elasticity in the monopoly outcome.

Original languageEnglish (US)
Pages (from-to)251-252
Number of pages2
JournalEconomics Letters
Volume54
Issue number3
StatePublished - Jul 1 1997
Externally publishedYes

Fingerprint

Monopoly
Welfare loss
Elasticity
Marginal cost
Proportion

Keywords

  • Elasticity
  • Monopoly welfare loss

ASJC Scopus subject areas

  • Economics and Econometrics
  • Finance

Cite this

James, T., & McHardy, J. (1997). Monopoly welfare losses and elasticity. Economics Letters, 54(3), 251-252.

Monopoly welfare losses and elasticity. / James, Timothy; McHardy, Jolian.

In: Economics Letters, Vol. 54, No. 3, 01.07.1997, p. 251-252.

Research output: Contribution to journalArticle

James, T & McHardy, J 1997, 'Monopoly welfare losses and elasticity', Economics Letters, vol. 54, no. 3, pp. 251-252.
James T, McHardy J. Monopoly welfare losses and elasticity. Economics Letters. 1997 Jul 1;54(3):251-252.
James, Timothy ; McHardy, Jolian. / Monopoly welfare losses and elasticity. In: Economics Letters. 1997 ; Vol. 54, No. 3. pp. 251-252.
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