The Various Non-Monopoly Step-Wise Private-Benefit, Private-Cost, and Profit Distortions

Abstract

This chapter focuses on the six types of Pareto imperfections other than the imperfections in seller competition with which Chap. 7 is concerned. This chapter does not attempt to be as comprehensive as Chap. 7. Instead, each of its six sections makes some salient comments on (1) the step-wise distortions that all exemplars of one of the six types of Pareto imperfections other than imperfections in seller competition generate in the private benefits, private costs, and profits that members of various functionally-defined categories of resource allocations, respectively, confer on, impose on, and yield the resource-user to which the relevant category of resource allocations allocates resources and (2) the causal or correlational relationship between the magnitudes of the step-wise private-benefit, private-cost, and profit distortions for indicated resource allocations generated by all exemplars of the type of Pareto imperfections on which the section in question is focusing and the magnitudes of its counterparts for one or more of the same step-wise distortions that all exemplars of another type of Pareto imperfections generate.