Skip to search formSkip to main contentSkip to account menu
DOI:10.2307/1060041 - Corpus ID: 155393082
@article{Daskin1991DeadweightLI, title={Deadweight Loss in Oligopoly: A New Approach}, author={Alan J. Daskin}, journal={Southern Economic Journal}, year={1991}, volume={58}, pages={171}, url={https://api.semanticscholar.org/CorpusID:155393082}}
- Alan J. Daskin
- Published 1 July 1991
- Economics
- Southern Economic Journal
Ever since Harberger's [18] pioneering article, researchers have attempted to estimate the welfare loss resulting from the exercise of market power. Despite nearly four decades of work in this area, however, surprisingly few researchers disagree with Harberger's finding that deadweight loss is quite small. While many dispute his claim that deadweight loss in manufacturing amounts to only about 0.1% of GNP, few estimates exceed more than 1-3% of the value of output.' Some of the higher estimates…
22 Citations
5
11
3
Figures and Tables from this paper
- figure 1
- figure 2
- table I
- table II
- table III
22 Citations
- R. Vaughan
- 2004
Economics
The aim of the paper is to construct a framework in which welfare losses over time generated by alternative market structures may be estimated. An adjustment cost model of the firm under imperfect…
- Highly Influenced
- PDF
- Ahmet Özçam
- 2017
Economics
Purpose - The purpose of this paper is to provide an alternative way of calculating the deadweight loss triangle in oligopolistic markets which takes inefficient use of inputs into account. The…
- K. AigingerM. Pfaffermayr
- 2003
Economics
Welfare loss under oligopoly is defined as that part of consumer surplus which is lost and not regained by higher profits. In a model with asymmetric firms, this implies that the total welfare loss…
- 18
- Highly Influenced
- K. AigingerM. Pfaffermayr
- 1999
Economics
When competition is tough, firms which do not implement the least expensive technology are forced to exit, or the low cost firms are able to increase their market share. Persistent cost or profit…
- 25
- Simon P. AndersonRégis Renault
- 2003
Economics
J. Econ. Theory
- 107
- PDF
- Elliot AnshelevichS. Sekar
- 2015
Economics
WINE
The main contribution is showing that monopolies may not be as 'evil' as they are made out to be and that in the absence of monopolies, mild assumptions on the network topology guarantee an equilibrium that maximizes social welfare.
- 16
- PDF
- Elliot AnshelevichS. Sekar
- 2014
Economics
ArXiv
It is shown that for a large class of natural buyer demand functions, the authors are guaranteed the existence of an equilibrium with several desirable properties, especially the number of monopolies M.
- PDF
- K. AigingerM. Pfaffermayr
Economics
This paper investigates the size and the persistence of cost differences (TCDs) within European 3 digit industries. If these differences arise form imperfect competition they constitute a welfare…
- 2
- PDF
- K. AigingerM. Pfaffermayr
- 2000
Economics
This study intends to offer very short remarks on the competition policy in transition countries, indicating the progress made and the problems coming up in a second stage of liberalisation. As…
- Gaurab AryalFederico Zincenko
- 2019
Economics
SSRN Electronic Journal
We propose an empirical framework for Cournot oligopoly with private information about costs. First, considering a linear demand with a random intercept, we characterize the Bayesian Cournot-Nash…
- 7
- Highly Influenced[PDF]
...
...
29 References
- R. MassonJoseph Shaanan
- 1984
Economics
In this study we present a new methodology for estimating welfare losses caused by market power. We depart from past studies by explicitly taking into account different levels of market power. We…
- 38
- Charles A. Holt
- 1982
Economics
- 9
- PDF
- Micha Gisser
- 1986
Economics
A model of price leadership is used to estimate the welfare losses dueto monopoly in U.S. Manufacturing. Given that the leaders behave independently, an hypothesis confirmed empirically, the…
- 30
- K. ShinjoNoriyuki Dot
- 1989
Economics
- 8
- Highly Influential
- V. DicksonWeiqiu Yu
- 1989
Economics
- 25
- Highly Influential
- R. ClarkeS. Davies
- 1982
Economics
In a paper that has become a standard reference in the structure-conductperformance approach to industrial economics, Cowling and Waterson (1976) developed a theoretical rationale for expecting…
- 256
- R. Rogers
- 1989
Economics
Using independently derived estimates for the market demand elasticity and firm marginal cost, this paper measures the conjectural variations (cv's) of the eight largest U.S. steel firms for the…
- 10
- A. DixitN. Stern
- 1982
Economics
- 73
- Highly Influential
- PDF
- R. Schmalensee
- 1977
Economics
N theoretical discussions industrial organization specialists often indicate a preference for comprehensive or summary concentration indices over the more readily available concentration ratios. Such…
- 138
- K. CowlingM. Waterson
- 1974
Economics, Business
In this thesis, the relationship between some aspects of industrial market structure and industry price-cost margins or profit-revenue ratios is investigated. This is done mainly by building…
- 671
- PDF
...
...
Related Papers
Showing 1 through 3 of 0 Related Papers
Table II. Deadweight Loss as Percentage of Value of Shipments-Restrictions Imposed on 7 *
Published in 1991
Deadweight Loss in Oligopoly: A New Approach
Alan J. Daskin
Figure 4 of 5