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The Theory of Natural Monopoly

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  • Sharkey,William W.

Abstract

The theory of natural monopoly has been substantially transformed in previous years. Ina clear and straightforward style, Dr. Sharkey gives an integrated presentation of the modern approach to this subject. Although the book is mainly conceptual in nature, the final chapter on natural monopoly in the telecommunications industry shows the practical applications of the theory. After an historical survey of natural monopoly, there follows a chapter stating and explaining the main results as well as giving a preliminary overview of the rest of the book, where concepts such as the subadditivity of costs, optimal pricing, sustainability, and destructive competition are presented. The essence of the subject is presented in a manner accessible to the general reader, though the book also provides a synthesis of the subject suitable for advanced students.

Suggested Citation

  • Sharkey,William W., 1983. "The Theory of Natural Monopoly," Cambridge Books, Cambridge University Press, number 9780521271943, November.
    • Handle: RePEc:cup:cbooks:9780521271943
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    Citations

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    Cited by:

    1. Richard Tol, 2011. "Regulating knowledge monopolies: the case of the IPCC," Climatic Change, Springer, vol. 108(4), pages 827-839, October.
    2. Shreekant Gupta & Surender Kumar & Gopal K. Sarangi, 2011. "Does Greater Autonomy Improve Performance? Evidence From Water Service Providers In Indian Cities," Working papers 205, Centre for Development Economics, Delhi School of Economics.
    3. Moulin, Herve & Sprumont, Yves, 2006. "Responsibility and cross-subsidization in cost sharing," Games and Economic Behavior, Elsevier, vol. 55(1), pages 152-188, April.
    4. Gustavo Ferro & Omar O. Chisari, 2010. "Tópicos de Economía de la Regulación de los Servicios Públicos," Working Papers hal-00473038, HAL.
    5. Gabrielle Demange, 2004. "Group formation: The interaction of increasing returns and preferences' diversity," DELTA Working Papers 2004-30, DELTA (Ecole normale supérieure).
    6. Jens Hougaard & Hervé Moulin & Lars Østerdal, 2010. "Decentralized pricing in minimum cost spanning trees," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 44(2), pages 293-306, August.
    7. Pascal da Costa & Bianka Shoai Tehrani, 2013. "An Analysis of the Investment Decisions on the European Electricity Markets, over the 1945-2013 Period," Working Papers hal-00995799, HAL.
    8. Peeter Peda & Giuseppe Grossi & Margo Liik, 2013. "Do ownership and size affect the performance of water utilities? Evidence from Estonian municipalities," Journal of Management & Governance, Springer;Accademia Italiana di Economia Aziendale (AIDEA), vol. 17(2), pages 237-259, May.
    9. Andersson, Tommy, 2004. "Essays on Nonlinear Pricing and Welfare," MPRA Paper 59446, University Library of Munich, Germany.
    10. Zhang, Yinfang & Parker, David & Kirkpatrick, Colin, 2005. "Competition, regulation and privatisation of electricity generation in developing countries: does the sequencing of the reforms matter?," The Quarterly Review of Economics and Finance, Elsevier, vol. 45(2-3), pages 358-379, May.
    11. Evangelinos, Christos & Püschel, Ronny & Goldhahn, Susan, 2011. "Inverting the regulatory rules? Optimizing airport regulation to account for commercial revenues," Discussion Papers 1/2011, Technische Universität Dresden, "Friedrich List" Faculty of Transport and Traffic Sciences, Institute of Transport and Economics.
    12. Gabrielle Demange, 2004. "On Group Stability in Hierarchies and Networks," Journal of Political Economy, University of Chicago Press, vol. 112(4), pages 754-778, August.
    13. T.V.S.Ramamohan Rao, 2011. "Contemporary Relevance and Ongoing Controversies Related to the CES Production Function," Journal of Quantitative Economics, The Indian Econometric Society, vol. 9(2), pages 36-57, July.
    14. Koster, M., 2009. "Contracts, cost sharing and consistency," CeNDEF Working Papers 09-04, Universiteit van Amsterdam, Center for Nonlinear Dynamics in Economics and Finance.
    15. Holthausen, Cornelia & Monnet, Cyril, 2003. "Money and payments: a modern perspective," Working Paper Series 245, European Central Bank.
    16. Sheldon, Ian M., 2008. "The Biotechnology Sector: "Bounds" to Market Structure," 2008 Annual Meeting, July 27-29, 2008, Orlando, Florida 6078, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).

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