A Critical Reevaluation of Economic Theories on Market Monopolization: Unpacking the Layers of Inefficiency
Keywords:
Monopolization, Market Efficiency, Digitalization, Consumer Welfare, Antitrust Economics, Economic Policy, Technological Innovation, Empirical AnalysisAbstract
This study seeks to critically reevaluate established economic theories regarding market monopolization, particularly in light of the recent global economic shifts. Utilizing a quantitative approach, we analyzed data from over 500 firms across various industries using advanced econometric models, including Generalized Method of Moments (GMM) and Ordinary Least Squares (OLS) regression techniques. Our findings reveal significant inefficiencies in market monopolization that challenge conventional wisdom, with a particular focus on the impact of digitalization on competition. By employing a rigorous data collection methodology combined with robust statistical analysis, this paper highlights the increasing need for a reformulation of existing policies to better regulate monopolistic behaviors in the rapidly evolving economic landscape. Our results indicate a statistically significant correlation between monopolistic practices and reduced consumer welfare, suggesting that policymakers must revisit their strategies to foster competition and enhance market efficiency.
References
Sipos, D. (2026). Consumer Adoption of the Digital Euro in Retail and E-Commerce: The Role of Institutional Framing, Trust, and Usability. European Journal of Management, Economics and Business, 3(3), 64-80.
Huseynova, K., Hajiyeva, S., Nazarov, V., Habibova, Z., Guliyev, R., Valiyeva, K., & Teymurlu, R. (2026). DOES EMPLOYMENT STRuCTuRE DRIVE TRADE IN SERVICES AND FINANCIAL SERVICE ExPORTS?.
Papaskua, I., & Bartia, T. (2026). Efficiency of Agro-Industrial Product Quality Assessment Systems: International Practices and Challenges for Georgia. Business and Legislation, 19(1), 45-52.
Rahimov, E., Rahimov, J., & Nasirzade, A. (2026). Mathematical modeling of IoT ecosystems in hybrid-complex projects under AI-driven management. Journal of Engineering Sciences and Modern Technologies, 2(1).
GASIMOV, J., BABAYEV, F., HUSEYNLI, I., & KHUDAVERDILI, U. (2026). Macroeconomic Divergence under Wartime Shocks: Inflation and Public Debt Dynamics in Eastern EU and Balkan Economies.
