Regulation Misled by Misread Theory: Perfect Competition and Competition-Imposed Price Discrimination

by William J. Baumol

Regulation Misled by Misread Theory changes how we think about economics. Standard economics has long held that firms can price discriminate only when they have monopoly power. Antitrust authorities and other regulators are thus tempted to use the existence of price discrimination as one indicator that a firm should possibly be subject to government investigation. In this monograph Professor Baumol shows that price discrimination not only exists in...

• Format: Paperback
• Language: English
• ISBN: 0844713902
• ISBN13: 9780844713908
• Release Date: January 2004
• Publisher: AEI Press
• Length: 52 Pages
• Weight: 0.17 lbs.
• Dimensions: 0.2" x 5.6" x 8.5"