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an (exclusive) license to operate a franchise until another firm offers to pay more for it. In a world where quality is …
Persistent link: https://www.econbiz.de/10005579418
and sector specific regulation. A crucial problem in dealing with the cable market whether in antitrust cases or in the …
Persistent link: https://www.econbiz.de/10010298919
and sector specific regulation. A crucial problem in dealing with the cable market whether in antitrust cases or in the …
Persistent link: https://www.econbiz.de/10005027032
Demsetz (1968) and Posner (1972) suggested competitive bidding as an alternative to natural monopoly regulation …. Williamson (1976) and Goldberg (1976) argued that the problems of natural monopoly regulation are inherent in long …-term investment under uncertainty. Long- and short-term franchising contracts may be more problematic than regulation. This paper …
Persistent link: https://www.econbiz.de/10005685449
Demsetz (1968) advocated competitive bidding as a replacement for natural monopoly regulation. Williamson (1976) and … Goldberg (1976) argued that these problems of natural monopoly regulation are inherent in long-term investment under … uncertainty, and that both long- and short-term franchising contracts may be more problematic than regulation. Williams …
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