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Your search for "natural monopoly" over the article keywords returned 13 results.

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1. contestable markets

Contestable markets are those in which competitive pressures from potential entrants exercise strong constraints on the behaviour of incumbent suppliers. ...

By Robert D. Willig. From The New Palgrave Dictionary of Economics, Second Edition, 2008

2. indivisibilities

A commodity is indivisible if it has a minimum size below which it is unavailable, at least without significant qualitative change. Indivisible inputs ...

By William J. Baumol. From The New Palgrave Dictionary of Economics, Second Edition, 2008

3. barter in transition

One of the striking features of the transition in Russia was the enormous growth in the use of barter and other non-monetary means of payment. The transition ...

By Barry W. Ickes. From The New Palgrave Dictionary of Economics, Second Edition, 2008

4. electricity markets

In many parts of the world buyers and sellers now trade electrical energy in liberalized markets. These markets have partially replaced cost-based regulation ...

By James Bushnell and Catherine Wolfram. From The New Palgrave Dictionary of Economics, Second Edition, 2008

5. predatory pricing

Predatory pricing is a response to a rival that sacrifices part of the profit that could be earned under competitive circumstances were the rival to remain ...

By Janusz A. Ordover. From The New Palgrave Dictionary of Economics, Second Edition, 2008

6. market failure

Market failure occurs when there are too few markets, non-competitive behaviour, or non-existence, leading to inefficient allocations. Many suggested ...

By John O. Ledyard. From The New Palgrave Dictionary of Economics, Second Edition, 2008

7. experimental methods in economics

In the mid-20th century economists became involved in the design and conduct of laboratory experiments to examine propositions implied by economic theory. ...

By Vernon L. Smith. From The New Palgrave Dictionary of Economics, Second Edition, 2008

8. Pigou, Arthur Cecil (1877–1959)

Arthur Cecil Pigou founded welfare economics by synthesizing Marshall's theoretical framework and Sidgwick's categories of market failure ...

By Nahid Aslanbeigui. From The New Palgrave Dictionary of Economics, Second Edition, 2008

9. Lauderdale, Eighth Earl of [James Maitland] (1759–1839)

Born into a Scottish aristocratic family, Lauderdale entered the House of Commons at the age of 21 as a supporter of the Liberal Whig leader Charles Fox. ...

By Morton Paglin. From The New Palgrave Dictionary of Economics, Second Edition, 2008

10. public utility pricing and finance

The theory of public utility pricing provides clear recommendations when the regulator and utility have same information about the underlying economic ...

By Frank A. Wolak. From The New Palgrave Dictionary of Economics, Second Edition, 2008