Data/hora: 01/06/2024 07:31:11

Provedor de dados: | 31
País: | United States
Título: | Externalities, Decreasing Returns, and Common Ownership
Autores: | Simpson,   R. David.
Data: | 2005-10-26
Ano: | 2001
Palavras-chave: | Externalities; Mergers; Returns to scale; Incentives; Land Economics/Use; L23; Q24.
Resumo: | Placing production units under common ownership is often suggested as a solution to the problem of externalities. This will not always be true when there are decreasing returns to scale. An atomistic industry could be more efficient than a monopoly in some instances. Even when the "optimal" industry configuration would involve a finite number of producers, no two may have appropriate incentives to combine. An omniscient and benign regulator can always assure a more efficient outcome than would result from the combination of private producers. Whether real-world regulators should be called upon, however, is less clear.
Tipo: | Working or Discussion Paper
Idioma: | Inglês

Identificador:

18573

http://purl.umn.edu/10457

Editor: | AgEcon Search

Relação:

Resources for the Future&gt;Discussion Papers

Discussion Paper 01-41

Formato:

20

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