Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
5062346 | Economics Letters | 2006 | 7 Pages |
Abstract
Network externalities and sunk costs can make a profit-maximising monopoly superior to competition even if a large number of firms can enter. Competition can outperform a public monopoly only if sunk costs become significantly lower.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Johan Willner,