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Economies of Scale, Natural Monopoly, and Imperfect Competition in an Experimental Market

Charles R. Plott

Abstract

This outstanding collection spanning three decades comprises a superb selection of Charles R. Plott’s work in experimental economics. Market Institutions and Price Discovery contains papers which define problems, create laboratory methodology and produce the first results in many areas of experimental economics.

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Key concepts: Natural monopoly, Monopoly, Economics, Imperfect competition, Competition (biology), Imperfect, Neoclassical economics, Economies of scale