Numa, Guy - Université Paris-Dauphine (Paris IX) - 2012
In this article, I analyze and compare the contributions of Dupuit and Walras on the natural monopoly of railroads …. Both theorists argued that inland waterways—as opposed to railroads—could be vertically unbundled, a point which previous … and Walras both concluded that railroads were better managed under the monopoly regime; however they drew upon different …