DOES NATURAL MONOPOLY EXIST IN ELECTRICITY INDUSTRY?

Authors

  • Umidjon Khoshimov

Keywords:

Natural Monopoly, Pareto Inefficiency, Minimum Efficiency, Energy

Abstract

Many theories have been proposed to explain what a natural monopoly is in fact and what fields should be deemed as appropriate occasions to this consideration. Although the literature covers a wide variety of theories related to the scope of natural monopoly, this review will use several of them to examine the existence of natural monopoly in the electricity distribution industry thoroughly. This issue really needs a focused investigation, because there are sufficiently more debates and perspectives on this topic.

References

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Stevenson, R. and Primeaux, W. (1987). Direct Electric Utility Competition: The Natural Monopoly Myth. Land Economics, [online] 63(3). Available at: http://www.jstor.org/stable/3146842 [Accessed 3 Nov. 2016].

Tomain, J. (2002). The Persistence of Natural Monopoly. American Bar Association, [online] 16(4). Available at: http://www.jstor.org/stable/40924211 [Accessed 3 Nov. 2016].

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Published

2023-01-25

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Articles

How to Cite

DOES NATURAL MONOPOLY EXIST IN ELECTRICITY INDUSTRY?. (2023). Proceedings of International Educators Conference, 2(1), 292-297. https://econferenceseries.com/index.php/iec/article/view/1104