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What Does Privatisation Achieve?—A Comment on Quiggin

✍ Scribed by Simon Domberger

Book ID
119848454
Publisher
John Wiley and Sons
Year
1995
Tongue
English
Weight
387 KB
Volume
28
Category
Article
ISSN
0004-9018

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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