High Incomes in Monopoly Industries: A Discussion

摘要

Oaxaca-Blinder 50% :   Using Oaxaca‐Blinder decomposition method, we decompose high income in monopoly industries into two parts: the reasonable and the unreasonable. Empirical analyses show that over fifty percent of the income gap between monopoly industries and competitive industries is unreasonable and is brought about mainly by industrial monopolies. As current income statistics do not count the high welfare benefits in monopoly industries, the above results clearly underestimate the unreasonable component of the high income in these industries.View full textDownload full textKeywordsmonopoly industries, income gap, unreasonable incomeRelated var addthis_config = { ui_cobrand: "Taylor & Francis Online", services_compact: "citeulike,netvibes,twitter,technorati,delicious,linkedin,facebook,stumbleupon,digg,google,more", pubid: "ra-4dff56cd6bb1830b" }; Add to shortlist Link Permalink http://dx.doi.org/10.1080/02529203.2011.573359