Borraz, Fernando; Pampillon, Nicolas Gonzalez; … - Institut d'Economie et Econométrie, Université de Genève - 2011
In the case of natural monopolies there tends to be a trade-off between a higher quality of output provided by private firms, and a better access for poor consumers provided by public firms. This is partly the reflection of differences in objectives by private and public firms. The former tend...