Sylos Labini’s essay is devoted to the analysis of price determination under condition of monopoly and monopsony. The … problem of price indeterminacy in case of bilateral monopoly (associated with monopsony) is thoroughly discussed in relation … analysis of monopoly and monopsony to dismiss the ‘Classical’ argument that a perfect wage flexibility can bring about a full …

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