Skip to main content
SpringerLink
Log in

A measurement of the welfare loss in the terminal equiphint makket

  • Articles
  • Published:
Review of Industrial Organization Aims and scope Submit manuscript

Abstract

This arlicie allempts to estimate the wellare loss in the terminal equipment market due to the existence of monopoly power and entry barriers. The welfare loss consists of two parts, one due to price above marginal cost, and the second due to product voids. By using certain upper and lower bound measurements, we obtain an estimate of the minimum welfare loss of $35 million and a maximum welfare loss of $639 million for a one year time period.

This is a preview of subscription content, log in via an institution to check access.

Access this article

Log in via an institution

Price excludes VAT (USA)
Tax calculation will be finalised during checkout.

Instant access to the full article PDF.

Institutional subscriptions

Similar content being viewed by others

Author information

Authors and Affiliations

  1. Widener University, USA

    Joseph P. Fuiir Jr. Ph. D. (Associate Professor of Economics)

Authors
  1. Joseph P. Fuiir Jr. Ph. D.
    View author publications

    You can also search for this author in PubMed Google Scholar

Rights and permissions

Reprints and permissions

About this article

Cite this article

Fuiir, J.P. A measurement of the welfare loss in the terminal equiphint makket. Rev Ind Organ 2, 80–93 (1985). https://doi.org/10.1007/BF02354368

Download citation

  • Issue Date:

  • DOI: https://doi.org/10.1007/BF02354368

Keywords

Search

Navigation