Abstract
This paper examines the responses of the Illyrian and entrepreneurial (ENT) monopolies to a shift in demand associated with a change in elasticity of demand. The results are utilized to demonstrate that the output effects of the labor-managed (LM) monopoly are quite different from that of the ENT monopoly under price discrimination. This latter result provides some important implications for output policy for the LM monopoly.
| Original language | English |
|---|---|
| Pages (from-to) | 235-239 |
| Number of pages | 5 |
| Journal | Journal of Comparative Economics |
| Volume | 12 |
| Issue number | 2 |
| DOIs | |
| State | Published - Jun 1988 |