Document Type

Article

Publication Title

Case Western Reserve Law Review

Abstract

Ordinary discourse, then, recognizes that a limited number of exceptions are consistent with the articulation of our basic rules on force and fraud. I shall argue that this same approach fruitfully carries over to our thinking about monopoly, even state-sponsored monopoly. Here, I hope to explain the basic logic of the term "justified monopoly" and then show the stunning ways in which it plays out when dealing with the pharmaceutical and telecommunications industries.

First Page

103

Volume

56

Publication Date

2005

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