The Birth of Monopoly, Alias Domestic Extreme Protectionism

10 Pages Posted: 17 Dec 2014 Last revised: 18 Dec 2014

See all articles by Hak Choi

Hak Choi

Chienkuo Technology University - Department of International Business; Chung-Hua Institution for Economic Research

Date Written: December 15, 2014

Abstract

This paper rejects the traditional monopoly model and works out a completely new one. It also offers a more concrete measure of the loss due to monopoly. Most economists regard monopoly and protectionism is the same, but this paper proves that they are not. Monopoly is the extreme form of protectionism; it is the elimination of both foreign and domestic competitors. This paper also introduces a new concept: domestic protectionism, and shows that it is more harmful than foreign protectionism.

Keywords: Monopoly, Protectionism

JEL Classification: D42, F13

Suggested Citation

Choi, Hak, The Birth of Monopoly, Alias Domestic Extreme Protectionism (December 15, 2014). Available at SSRN: https://ssrn.com/abstract=2538910 or http://dx.doi.org/10.2139/ssrn.2538910

Hak Choi (Contact Author)

Chienkuo Technology University - Department of International Business ( email )

No.1, Chiehsou N. Road
Changhua City, 500
Taiwan
+886 91 901-4618 (Phone)

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Chung-Hua Institution for Economic Research ( email )

75, Changhsin St.
Taipei
Taiwan

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