CIVIC WEALTH CREATION: BYPASSING MONOPOLIES THROUGH COLLECTIVE ACTION G. T. LUMPKIN University of Tennessee University of Oklahoma EDUARDO MEL ENDEZ University of Oklahoma SOPHIE BACQ IMD Business School The market power of monopolies can severely restrict citizens’ freedom of choice. In the case of utilities, often portrayed as natural monopolies, such power may result in high prices and unreliable or absent services, especially in marginalized communities such as low-income neighborhoods or remote rural villages. While government regulation has been the traditional remedy to curb natural monopolies’ power, in this paper, we address a different solution: monopoly bypassing through collective action. We present two types of monopoly bypassing—partial and complete—through the lens of civic wealth creation (CWC): the generation of social, economic, and communal endowments that benefit communities. Through our analysis of three water and sanitation utility services cases, we demonstrate howCWC is used to catalyze the collective action of engaged citizens to effectively bypass monopoly power. The cases highlight the three stakeholder categories involved in CWC initiatives—communities, enterprises, and regimes of support—and illustrate how they act collectively to provide credible market-based solutions.
Dr. Bacq's keynote is an extended overview of her work on civic wealth creation & regimes of support, starting from her many projects on social entrepreneurship. See this more recent paper:
journals.aom.org/doi/10.5465/...
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