Forbes contributors publish independent expert analyses and insights. I write on fiscal and economic policy. Over at Slate, Matt Yglesias warns governments that profit-maximizing prices for ...

A couple weeks ago, I found the work of Anwar Shaikh. Briefly, he has developed unique and better models to describe the economy, so that there is no need to use rational expectations, utility ...

In this paper we argue that the welfare loss from monopoly equals deadweight loss plus expenditures by monopolists to defend and antitrust enforcers to attack their monopolies. A model of a ...

This paper considers the effects of granting a fishermen's sales organization exclusive rights to sell unprocessed fish. On the assumption that the fishermen's monopoly is able to discriminate between ...