Detail Monopoly and Soft Budget Constraint   Oleh:  Segal, Ilya R. Jenis: Article from Bulletin/Magazine Dalam koleksi: The Rand Journal of Economics vol. 29 no. 3 (1998), page 596-609. Topik: monopoly; monopoly; soft budget; constraint Ketersediaan Perpustakaan Pusat (Semanggi) Nomor Panggil: RR10 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada     Lihat Detail Induk Isi artikel A benevolent government may decide to subsidize an unprofitable monopoly whose profits do not capture all the social surplus from its production. Anticipating this, the firm may underinvest in order to become unprofitable and extract state subsidies. The resulting welfare loss may exceed by many times the deadweight cost of monopoly pricing. Committing the firm to a price ceiling may soften its budget constraint and thus reduce welfare. Competition can harden budget constraints in industries in which free entry is socially excessive. Opini Anda Klik untuk menuliskan opini Anda tentang koleksi ini! Kembali

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