𝔖 Bobbio Scriptorium
✦   LIBER   ✦

Is Banking a Natural Monopoly?

✍ Scribed by Kevin Dowd


Book ID
110942475
Publisher
John Wiley and Sons
Year
1992
Tongue
English
Weight
675 KB
Volume
45
Category
Article
ISSN
0023-5962

No coin nor oath required. For personal study only.


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In a recent issue of this journal, Ralph Bradburd (1995) argues that the efficiency gains of privatising a natural monopoly are likely to outweigh any loss of allocative efficiency. However, a trade-off based on a definition of the total surplus which includes profits but not internal rents is flawe