Monopoly welfare losses and elasticity

Tim James; Jolian McHardy

doi:10.1016/s0165-1765(97)00024-4

Monopoly welfare losses and elasticity

Tim James, Jolian McHardy

Research output: Contribution to journal › Article › peer-review

1 Scopus citations

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 language	English (US)
Pages (from-to)	251-252
Number of pages	2
Journal	Economics Letters
Volume	54
Issue number	3
DOIs	https://doi.org/10.1016/s0165-1765(97)00024-4
State	Published - Jul 1997
Externally published	Yes

Keywords

Elasticity
Monopoly welfare loss

ASJC Scopus subject areas

Finance
Economics and Econometrics

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10.1016/s0165-1765(97)00024-4

Cite this

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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.",

keywords = "Elasticity, Monopoly welfare loss",

author = "Tim James and Jolian McHardy",

year = "1997",

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doi = "10.1016/s0165-1765(97)00024-4",

language = "English (US)",

volume = "54",

pages = "251--252",

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T1 - Monopoly welfare losses and elasticity

AU - James, Tim

AU - McHardy, Jolian

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N2 - 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.

AB - 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.

KW - Elasticity

KW - Monopoly welfare loss

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VL - 54

SP - 251

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JO - Economics Letters

JF - Economics Letters

IS - 3

ER -

Monopoly welfare losses and elasticity

Abstract

Keywords

ASJC Scopus subject areas

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