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Monopoly: A Game Economists Love to Play—Badly!

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  • Richard B. McKenzie

Abstract

Giving this presidential address to the Southern Economics Association is more of a privilege than a duty of office. I suspect that I am more honored to give this talk than most past presidents of the Association, given my current academic post in California. I may be far removed from my southern heritage in space, but not in orientation. My heart remains tied to the South. I am very pleased that the SEA board and members did not consider my current California connection as a disqualification for president of the Association.

Suggested Citation

  • Richard B. McKenzie, 2004. "Monopoly: A Game Economists Love to Play—Badly!," Southern Economic Journal, John Wiley & Sons, vol. 70(4), pages 714-730, April.
    • Handle: RePEc:wly:soecon:v:70:y:2004:i:4:p:714-730
    DOI: 10.1002/j.2325-8012.2004.tb00601.x
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    References listed on IDEAS

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    1. Romer, Paul, 1994. "New goods, old theory, and the welfare costs of trade restrictions," Journal of Development Economics, Elsevier, vol. 43(1), pages 5-38, February.
    2. Baumol, William J & Ordover, Janusz A, 1985. "Use of Antitrust to Subvert Competition," Journal of Law and Economics, University of Chicago Press, vol. 28(2), pages 247-265, May.
    3. Dwight R. Lee & Richard B. McKenzie, 1998. "How the Client Effect Moderates Price Competition," Southern Economic Journal, John Wiley & Sons, vol. 64(3), pages 741-752, January.
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