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Persistent link: https://www.econbiz.de/10010707527
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 …
Persistent link: https://www.econbiz.de/10011073245
Although many economic and business historians have examined how American railroads colluded to raise rates or limit … service, they have paid less attention to the many ways railroads cooperated to exchange cars and freight between companies … service associations" to organize and pay for cars shared between roads; and third, the building of cooperative infrastructure …
Persistent link: https://www.econbiz.de/10015051915
West, some "natural monopoly" sectors will require continued regulation to protect consumers from monopoly abuses. This … paper focuses on three aspects of the design of regulatory policy in these countries: the appropriate sectors for regulation …
Persistent link: https://www.econbiz.de/10005561393
Persistent link: https://www.econbiz.de/10010200348
, PPP, price cap, etc.), the paper is structured by modes. For each infrastructure type (national roads, highways, railways … overinvestment. The last section will provide recommendations for a more efficient regulation. …
Persistent link: https://www.econbiz.de/10005837154
We consider the regulation of a monopoly facing consumers that may evade payments, an important issue in public …
Persistent link: https://www.econbiz.de/10012822098
We consider a model featuring a single-product natural monopoly, which faces evaders, i.e., individuals that may not pay the price. By exerting a costly effort, the firm can deter evasion. To maximize the total surplus, a regulator sets the price, the level of deterrence effort, and socially...
Persistent link: https://www.econbiz.de/10014414300
In this paper, we discuss the choice for build-operate-and-transfer (BOT) concessions when governments and …rm managers do not share the same information regarding the operation characteristics of a facility. We show that larger shadow costs of public funds and larger information asymmetries...
Persistent link: https://www.econbiz.de/10009369361
In this paper, we discuss the choice for build-operate-and-transfer (BOT) concessions when governments and firm managers do not share the same information regarding the operation characteristics of a facility. We show that larger shadow costs of public funds and larger information asymmetries...
Persistent link: https://www.econbiz.de/10010610448