THE MYTH OF THE NATURAL MONOPOLY
EDN: KZPGHB
Abstract
In the article the author analyzes the growth of natural monopolies in the USA and comes to the conclusion that the theory of the natural monopoly is an economic fiction. It goes back to the idea that at the end of the XIX and beginning of the XX century there was tough competition in infrastructural areas which obviously was not favored by manufactures. First of all they made the administration grant them the monopoly status; afterwards with the support of some prominent economists they constructed the grounds for the monopolization. The article ends with the opinion that there is no place for it in the US economy of the XXI century. Is there any place for the monopoly in the Russian economy of the XXI century?
About the Author
Thomas J. DiLorenzoReferences
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Review
For citations:
DiLorenzo T. THE MYTH OF THE NATURAL MONOPOLY. Journal of Modern Competition. 2009;(5):100-114. EDN: KZPGHB
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