Chapter 10 Natural Monopoly and the Economics of Regulation.

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


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Figure 10.2 Natural Monopoly and Market Entry


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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


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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


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Figure 10.16

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