Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/246481 
Year of Publication: 
2019
Series/Report no.: 
Working Paper No. 2019-04
Publisher: 
Rutgers University, Department of Economics, New Brunswick, NJ
Abstract: 
We consider a shared ownership arrangement among consumers/owners as a means to organize production with an underlying decreasing average cost function typical of natural monopolies. The resulting output allocation yields a lower deadweight loss than the monopoly allocation, and is, in some cases, efficient.
Subjects: 
natural monopoly
deaweight loss from monopoly
decreasing average costs
JEL: 
L12
L13
Document Type: 
Working Paper

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