ISSN: 1648 - 4460

International Journal of Scholarly Papers


Transformations  in
Business & Economics

Transformations in
Business & Economics

  • © Vilnius University, 2002-2012
  • © Brno University of Technology, 2002-2012
  • © University of Latvia, 2002-2012
Kuriame Lietuvos ateitį
Determinants of Social Losses Caused by the Monopolization: The Example of Open Pension Funds in Poland
Tomasz Bernat

ABSTRACT. The article novelty is to present elements that affect the degree of social prosperity losses as well as social losses caused by monopolization and present it on the base of Open Pension Funds market in Poland example. The main methodology used in the paper is deduction with analysis of financial factors of the market.

The paper consists of three main parts. The first introduce the concept of monopoly loses especially discuss prof A. Harberger input to the theory and practice. The next part discusses factors determining these losses. Two quantities will be referred to as monopoly losses, namely social prosperity loss and social loss caused by market concentration. The analysis is aimed at defining main determinants affecting the degree of social losses brought. The third part presents market concentration example in an empirical way, followed by conclusions.

KEYWORDS: monopolization, social losses, open pension funds, Poland.

JEL classification: L12, L41, P2.

Editorial correspondence:

Scholarly papers Transformations in Business & Economics
Kaunas Faculty
Vilnius University
Muitinės g. 8
Kaunas, LT-44280



Valid XHTML 1.0 Strict