Abstract
This chapter takes a regulatory approach by considering some of the models of imperfect competition analyzed in previous chapters (monopoly and oligopolies with different numbers of firms) and examines different policy tools that can induce firms to produce the output level that maximizes the social welfare (we refer to this output level as the “socially optimal output”), such as subsidies and taxes for each unit of output that the firm produces.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Author information
Authors and Affiliations
Rights and permissions
Copyright information
© 2021 The Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Nature Switzerland AG
About this chapter
Cite this chapter
Choi, PS., Dunaway, E., Munoz-Garcia, F. (2021). Regulating Imperfectly Competitive Markets. In: Industrial Organization. Springer Texts in Business and Economics. Springer, Cham. https://doi.org/10.1007/978-3-030-57284-6_5
Download citation
DOI: https://doi.org/10.1007/978-3-030-57284-6_5
Published:
Publisher Name: Springer, Cham
Print ISBN: 978-3-030-57283-9
Online ISBN: 978-3-030-57284-6
eBook Packages: Economics and FinanceEconomics and Finance (R0)