Abstract
The most successful firms in the global economy almost all exert a form of monopoly power. The source of their power is often described as ownership advantage, competitive advantage or firm-specific advantage. In practice these terms mean much the same thing. They indicate that a firm possesses some special knowledge or reputation (or other asset) that its rivals cannot replicate. This chapter explains how economists analyse monopoly power and how their analysis can be applied to international business.
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Casson, M. (2016). Introduction to Monopoly. In: The Theory of International Business. Palgrave Macmillan, Cham. https://doi.org/10.1007/978-3-319-32297-1_3
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DOI: https://doi.org/10.1007/978-3-319-32297-1_3
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Publisher Name: Palgrave Macmillan, Cham
Print ISBN: 978-3-319-32296-4
Online ISBN: 978-3-319-32297-1
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