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Natural monopoly and its regulation

Author: Richard A Posner
Publisher: Washington, D.C. : Cato Institute, 1999.
Edition/Format:   eBook : Document : EnglishView all editions and formats
Summary:
Natural monopolies exist in those markets in which demand can be satisfied at lowest cost by the output of only one rather than several competing firms. Under such conditions, conventional wisdom suggests that government regulation must substitute for competition to discipline the behavior of firms.
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Genre/Form: Electronic books
Additional Physical Format: Print version:
Posner, Richard A.
Natural monopoly and its regulation.
Washington, D.C. : Cato Institute, 1999
(DLC) 99022490
(OCoLC)40891122
Material Type: Document, Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: Richard A Posner
ISBN: 9781933995823 1933995823 1597340561 9781597340564 128190550X 9781281905505 1882577817 9781882577811
OCLC Number: 610030221
Description: 1 online resource (viii, 115 pages) : illustrations
Contents: Cover13; --
Preface --
Natural Monopoly and Its Regulation --
About the Author.
Responsibility: Richard A. Posner.

Abstract:

Natural monopolies exist in those markets in which demand can be satisfied at lowest cost by the output of only one rather than several competing firms. Under such conditions, conventional wisdom suggests that government regulation must substitute for competition to discipline the behavior of firms.

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