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The Role of Competition in Natural Monopoly: Costs, Public Ownership, and Regulation
Benchmark competition electric utilities public ownership regulation
2010/11/5
Conventional policy for industries with very high economies of scale is to permit
monopoly but to subject it to regulation or public ownership. Since the latter may
not result in cost minimization, ...
COMPETITION AND MONOPOLY IN WORLD OIL MARKETS：The Role of the International Oil Companies
International Oil Companies OIL MARKETS crude-oil petroleum products
2008/12/24
Since the early 1870s, when John D. Rockefeller began assembling
Standard Oil of New Jersey, the large, usually American-owned
and -managed, oil companies have been the most famous and controversial...
Earlier this year, the cost of mailing a first-class letter went from 20
cents to 22 cents. It was the third increase in four years, the seventh
since the Post Office became the independent US. Post...
ABOLISHING THE POSTAL MONOPOLY：A COMMENT
POSTAL MONOPOLY postage rates Postal Service’s financial problems.
2008/12/8
First class postage rates have been raised once again in an effort to
curb the Postal Service’s financial problems. This scenario, which
has taken place regularly every two or three years, has resul...
MORALITY AND MONOPOLY：THE CONSTITUTIONAL POLITICAL ECONOMY OF RELIGIOUS RULES
POLITICAL ECONOMY Moral philosophy economic analysis
2008/11/22
Moral philosophy and economic analysis have long been thought
to be entirely separate and distinct undertakings. The modern theory
of human capital has opened communication between these traditional...
UNNATURAL MONOPOLY：CRITICAL MOMENTS IN THE DEVELOPMENT OF THE BELL SYSTEM MONOPOLY
UNNATURAL MONOPOLY CRITICAL MOMENTS BELL SYSTEM MONOPOLY
2008/11/21
Congress finally began the long-needed process of comprehensive
telecommunication deregulation in 1994, exactly 60 years after their
last major legislative effort, the Communications Act of 1934, wa...
THE CHALLENGE TO THE U.S. POSTAL MONOPOLY, 1839—1851
U.S. POSTAL MONOPOLY civilian federal employees Post Office
2008/11/19
Overthe last decade, government postal systems around the world
have been facing Increasing competition largely stemming from the
rise of alternative technologies. During the years 1839-1851, the
U...
Milton Friedman and the Case against Currency Monopoly
Milton Friedman Currency Monopoly government
2008/11/4
A longstanding tradition in economics, dating back at least to
Adam Smith, looks askance at statutory monopolies, condemning
almost all of them as unnecessary barriers to economic progress.
Thanks ...