Learn how legal monopolies function, why they're government-sanctioned, and their effects on competition. Explore historical and modern examples, including gambling and telecom.

Learn how discriminating monopolies charge different consumer prices, maximize profit through pricing strategies, and explore examples illustrating their market impact.

We can now resolve 300-year-old debates about whether copyrights are monopoly rights or property rights. Modern law and economics provide no basis for distinguishing copyrights from other private ...

15 February 2008 For the 25 years, the so-called "Washington Consensus" - comprising measures aimed at expanding the role of markets and constraining the role of the state - has dominated economic ...

The paper deals with the micro-economics of interface manipulation, i.e. the design of the interface between two products to enhance the profits accruing to the firm controlling the design. Taking ...

Defense and aerospace giant Raytheon announced plans last week to merge with rival defense and aerospace giant United Technologies, creating a huge corporation, albeit a bit smaller than Boeing, and ...

The recent announcement that Hasbro would be conducting an online vote to decide which “house rules” to officially incorporate into Monopoly got us thinking about the rules of the venerable board game ...

The standard textbook model of monopoly economics only applies to the real world in a narrow range of circumstances. Read Full Article » ...

Just as philosophers are divided on the nature of truth and understanding, economics is divided on the workings of the real world. Yet, in practice, the dominance of the belief in “one economics,” ...

Toy and game-making giant Hasbro announced today that it will loosen the regulations on its most famous economy in 2015. Come next year, Monopoly players everywhere may be officially able to collect ...