TABLE 1 Consumer Welfare Loss Attributable to Cable Monopolies, 1983 to 1993

Dp = -15% Dp = -20% Dp = -25%
Basic Rate Calculation (1993 $billions)
e = -1.0 15.8 21.6 27.6
e = -1.5 16.4 22.6 29.1
e = -2.0 16.9 23.6 30.7
e = -2.5 17.5 24.5 32.2
Average Revenue Calculation (1993 $billions)
e = -1.0 29.3 40.0 51.2
e = -1.5 30.4 41.8 54.0
e = -2.0 31.4 43.7 56.8
e = -2.5 32.4 45.5 59.7

Dp, decline in prices; e, elasticity.