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Regulatory Failure and Renewal: The Evolution of the Natural Monopoly Contract, Second Edition (Carleton Library Series, 260) free ebook download

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Author(s):	John R. Baldwin

Date:	2024	Format:	pdf	Language:	English	ISBN/ASIN:	0228011825
Pages:	168	OCR:		Quality:		ISBN13:
Uploader:	topron	Upload Date:	10/1/2023 1:29:53 AM

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Regulatory Failure and Renewal develops a framework to understand the choice of regulatory instrument used in Canada for natural monopolies such as telephone companies, water utilities, streetcars, hydroelectricity, and railways from the 1880s to the 1930s.

Using the transaction-cost literature pioneered by Oliver Williamson, John Baldwin examines the nature of contractual failure in Canada in natural monopoly cases, asking why initial forms of contracts between the state and private enterprise failed and why this failure so often resulted in the use of public enterprise. Baldwin outlines early attempts to deal with natural monopolies  from the use of a franchise contract to regulatory tribunals and finally to public enterprise  and compares Canadian experiences to US approaches, which turned more frequently to regulatory tribunals. This difference is due to Canadas more limited constraints on the states ability to exercise coercive power, which sometimes leads to contractual failure that results in replacing franchise and regulatory frameworks with public enterprise.

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Tags: Carleton Contract Evolution Failure Library Monopoly Natural Regulatory Renewal

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Regulatory Failure and Renewal: The Evolution of the Natural Monopoly Contract, Second Edition (Carleton Library Series, 260) free ebook download

Category: Finances and Money

Description: Click to see full description

Category:
Finances and Money