Mougeot, Michel; Naegelen, Florence - In: Revue d'économie politique 115 (2005) 6, pp. 739-778
This paper studies competition for the market. The origin of the concept can be found in Sir E. Chadwick and Walras?s works. It was rediscovered by Demsetz. It is now a key element of the regulation of natural monopoly or oligopoly industries. Auctioning the right to be a monopolist is analyzed...