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This is an essential and eye-opening examination of the hidden networks that power modern life, from telecommunications, electric utilities, pipelines, and the Internet to highways, airline reservations, ATMs, and payment systems, where economist Lawrence White explains why natural monopolies, economies of scale, and externalities invite regulation, and exposes how ill-conceived rules and misguided pricing continue to cost the American economy dearly, making a powerful case for smarter deregulation and regulatory reform.
This volume shows that the public policy concerns are not accidental, because such industries often embody two major and widely recognized forms of potential market failure
Price: $9.95
Pages: 55
Publisher: AEI Press
Imprint: AEI Press
Publication Date:
01 January 1999
Trim Size: 8.00 X 5.00 in
ISBN: 9780844771403
Format: Paperback
BISACs:
POLITICAL SCIENCE / General, Politics & government, BUSINESS & ECONOMICS / Economics / Macroeconomics, BUSINESS & ECONOMICS / Industries / General, Macroeconomics, Industry & industrial studies
