Kunstadt, Robert; Maggioni, Ilaria - Volkswirtschaftliche Fakultät, … - 2013
it right away. The advantage to the state and its citizens is that monopoly efficiency does not just serve the monopolist … pain of losing the auction to a competitor. With minimal government intervention, the “invisible hand” of economic theory …, Subsidies, and Revenue; H21 - Efficiency; Optimal Taxation; H25 - Business Taxes and Subsidies; H27 - Other Sources of Revenue) …