rdf-syntax-grammar
mods:
  schema location: http://www.loc.gov/mods/v3 http://www.loc.gov/standards/mods/v3/mods-3-2.xsd
  title info:
    title: In defense of monopoly
    sub title: how market power fosters creative production
  name:
    name part: McKenzie, Richard B.
    role:
      role term: creator
    role:
      role term: author.
  name:
    name part: Lee, Dwight R.
    role:
      role term: author.
  name:
    name part: JSTOR (Organization)
  type of resource: text
  genre: bibliography
  genre: Electronic books.
  origin info:
    place:
      place term: miu
    date issued: 2008
    issuance: monographic
  language:
    language term: eng
  physical description:
    form: remote
    extent: 1 online resource (xxi, 297 pages) : illustrations.
  abstract: In Defense of Monopoly offers an unconventional but empirically grounded argument in favor of market monopolies. Authors McKenzie and Lee claim that conventional, static models exaggerate the harm done by real-world monopolies, and they show why some degree of monopoly presence is necessary to maximize the improvement of human welfare over time. Inspired by Joseph Schumpeter's suggestion that market imperfections can drive an economy's long-term progress, In Defense of Monopoly defies conventional assumptions to show readers why an economic system's failure to efficiently allocate its resources is actually a necessary precondition for maximizing the system's long-term performance: the perfectly fluid, competitive economy idealized by most economists is decidedly inferior to one characterized by market entry and exit restrictions or costs.
  table of contents: "The wretched spirit of monopoly" -- Deadweight-loss monopoly -- Monopoly as a coordination problem -- Welfare-enhancing monopolies -- Locked-in consumers -- Monopoly prices and the client and bonding effects -- The monopsony problem -- The NCAA: a case study of the misuse of the monopsony and monopoly models -- Monopoly as entrepreneurship -- Property and monopoly -- Summing up.
  note: Richard B. McKenzie and Dwight R. Lee.
  note: Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212 MiAaHDL
  note: digitized 2010 HathiTrust Digital Library committed to preserve pda MiAaHDL
  note: Includes bibliographical references (pages 273-288) and index.
  subject:
    topic: Monopolies
  subject:
    topic: Production (Economic theory)
  subject:
    topic: Monopolies
  subject:
    topic: Business & Economics / Economics / Theory
  subject:
    topic: Monopolies
  subject:
    topic: Production (Economic theory)
  subject:
    topic: Monopoles
  subject:
    topic: Production
  subject:
    topic: Economics
  subject:
    topic: political economy
  subject:
    topic: market monopoly
  subject:
    topic: public policy
  classification: HD2757.2 .M34 2008
  classification: 338.8/2
  related item:
    title info:
      title: In defense of monopoly
    name:
      name part: McKenzie, Richard B.
    origin info:
      publisher: Ann Arbor : University of Michigan Press, ©2008
    identifier: (DLC) 2007035404
    identifier: (OCoLC)141383126
  identifier: 9780472126286
  identifier: 0472126288
  identifier: 9780472901142
  identifier: 0472901141
  identifier: 9780472116157
  identifier: 0472116150
  identifier: 2020706769
  identifier: 102014 Knowledge Unlatched
  identifier: OAPEN-ID_1004192
  identifier: https://www.jstor.org/stable/10.2307/j.ctvnjbdsg
  record info:
    record content source: DLC
    record creation date: 070824
    record change date: 20220105170754.0
    record identifier: in00004360158
    language of cataloging:
      language term: eng