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Mack on hart on natural rights: A comment

โœ Scribed by Hillel Steiner

Publisher
Springer Netherlands
Year
1977
Tongue
English
Weight
89 KB
Volume
32
Category
Article
ISSN
0031-8116

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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