tailieunhanh - Lecture Public economics (5th edition) - Chapter 4: Imperfect competition

Chapter 4 discuss the social costs of a monopoly and indicate its relevance for "deregulation", outline the characteristic features of a natural monopoly, discuss the case for and against regulating a natural monopoly, explain the meaning of the "structure-conductperformance" (SCP) hypothesis and discuss its relevance for competition policy in South Africa, explain Demsetz’s "efficiency hypothesis" and discuss its relevance for competition policy generally. | OXJORD UNIVERSITY PRESS SOUTHERN AFRICA Public Economics Chapter 4 Imperfect Competition Oxford University Press Southern Africa Pty Ltd 2011 OXFORD UNIVERSITY PRESS Learning outcomes Discuss the social costs of a monopoly and indicate its relevance for deregulation Outline the characteristic features of a natural monopoly Discuss the case for and against regulating a natural monopoly Explain the meaning of the structure-conduct-performance SCP hypothesis and discuss its relevance for competition policy in South Africa Explain Demsetz s efficiency hypothesis and discuss its relevance for competition policy generally. Oxford University Press Southern Africa Pty Ltd 2011 SOUTHERN AFRICA OXFORD UNIVERSITY PRESS Monopoly vs perfect competition SOUTHERN AFRICA Oxford University Press Southern Africa Pty Ltd .