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Cited by 444

The DOI matches its Crossref record; 21 of the 21 references it cites were found in a registry or an index.

Monopoly Rights: A Barrier to Riches

Open access
Parente, Stephen L, Prescott, Edward C·1999·American Economic Review

Abstract

Our thesis is that poor countries are poor because they employ arrangements for which the equilibrium outcomes are characterized by inferior technologies being used, and being used inefficiently. In this paper, we analyze the consequences of one such arrangement. In each industry, the arrangement enables a coalition of factor suppliers to be the monopoly seller of its input services to all firms using a particular production process. We find that eliminating this monopoly arrangement could well increase output by roughly a factor of 3 without any increase in inputs. (JEL D58, O11, O41)

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Metadata

Authors
Parente, S. L., & Prescott, E. C.
Venue
American Economic Review
Published
1999-12-01
Volume
89
Issue
5
Pages
1216-1233
ISSN
0002-8282 (ISSN-L)
OpenAlex
W2087402533
Cited by
444
References
21
FWCI
34.19
Type
journal article
Language
en
Open access
gold

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CoChat. (2026). Citation check: Monopoly Rights: A Barrier to Riches. https://app.cochat.ai/papers/10.1257/aer.89.5.1216
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Parente, S. L., & Prescott, E. C. (1999). Monopoly Rights: A Barrier to Riches. American Economic Review. https://doi.org/10.1257/aer.89.5.1216

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