Transcript

Chapter 10

Natural Monopoly and theEconomics of Regulation

Copyright © 2001 Addison Wesley Longman

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Figure 10.1 Cost Curves for the Water Supply Firm

Copyright © 2001 Addison Wesley Longman

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Figure 10.2 Natural Monopoly and Market Entry

Copyright © 2001 Addison Wesley Longman

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Figure 10.3 A Sustainable Monopoly

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Figure 10.4 Monopoly Price and Quantity

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Figure 10.5 The Entry-Prevention Game of a Sustainable Monopoly

Copyright © 2001 Addison Wesley Longman

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Figure 10.6 The Entry Game I

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Figure 10.7 The Entry Game II

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Figure 10.8 The Social Waste of Monopoly

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Figure 10.9 The Contestable Market Entry Game

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Figure 10.10 The Averch-Johnson Analysis

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Figure 10.11 The Harrison-

McKee Experiment

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Figure 10.12 Ramsey Pricing

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Figure 10.13 A Demsetz Auction

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Figure 10.14

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Figure 10.15

Copyright © 2001 Addison Wesley Longman

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Figure 10.16

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