Privatization of natural monopoly public enterprises: A reply
โ Scribed by Ralph Bradburg
- Publisher
- Springer US
- Year
- 1996
- Tongue
- English
- Weight
- 329 KB
- Volume
- 11
- Category
- Article
- ISSN
- 0889-938X
No coin nor oath required. For personal study only.
๐ SIMILAR VOLUMES
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
The provision of infrastructural facilities has traditionally been the responsibility of the public sector. However, ยฎscal constraints, technological innovations, low levels of operational eciency and inappropriate pricing policies have led to fundamental changes. This paper looks initially at polic