Monopoly rights: a barrier to riches

Monopoly rights: a barrier to riches
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垄断权:致富的障碍

DOI:
10.1257/aer.89.5.1216
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发表时间:
1999
期刊:
The American Economic Review
影响因子:
--
通讯作者:
E. Prescott
E. Prescott
中科院分区:
--
文献类型:
--
作者:
Stephen L. Parente;E. Prescott

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我们的论点是,穷国之所以贫穷,是因为它们所采用的安排,其均衡结果的特点是使用劣质技术,而且使用效率低下。在本文中,我们分析了这样一种安排的后果。在每个行业中,这种安排使要素供应商联盟成为使用特定生产过程的所有公司的投入服务的垄断卖方。我们发现,与这种垄断安排相关的低效率可能很大。尽管其他研究发现,垄断导致的低效率最多只占产出的几个百分点,但我们发现,消除这种垄断安排可以在不增加投入的情况下,将产出提高大约3倍。
Our thesis is that poor countries are poor because they employee arrangements for which the equilibrium outcomes are characterized by inferior technologies being used, and being used inefficiently. In this paper, we analyze the consequences of one such arrangement. In each industry, the arrangement enables a coalition of factor suppliers to be the monopoly seller of its input services to all firms using a particular production process. We find that the inefficiencies associated with this monopoly arrangement can be large. Whereas other studies have found that inefficiencies induced by monopoly are at most a few percent of output, we find that eliminating this monopoly arrangement could well increase output by roughly a factor of 3 without any increase in inputs.
DOI: 10.2139/ssrn.3595
发表时间: 1998-03
期刊: Macroeconomics eJournal
影响因子: --
作者:
R. Hall;C. I. Jones
通讯作者: R. Hall;C. I. Jones