Cost functions, subaddivity and natural monopoly: review, extension and application to Australian telecommunications
This study applies a test for subadditivity (natural monopoly) to Australian telecommunications industry data for the period 1954 to 1990. If an industry exhibits subadditive cost, a monopoly can provide total industry output at a lower cost than multiple firms. The test for subadditivity is depende...
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| Format: | Thesis |
| Language: | English |
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Curtin University
2005
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| Online Access: | http://hdl.handle.net/20.500.11937/2121 |