The myth of natural monopoly

Review of Austrian Economics

Volumn 9, Issue 2, 1996, Pages 43-58

  Dilorenzo, Thomas J ^a  

^a Sellinger School of Business and Management

Author keywords

[No Author keywords available]

Indexed keywords

EID: 0141536774     PISSN: 08893047     EISSN: None     Source Type: Journal    
DOI: 10.1007/BF01103329     Document Type: Article

References (58)

1. Richard T. Ely, Monopolies and Trusts (New York: MacMillan, 1990), p. 162.
2. John Bates Clark and Franklin Giddings, Modern Distributive Processes (Boston: Ginn & Co., 1888), p. 21.
3. Herbert Davenport, The Economics of Enterprise (New York: MacMillan, 1919), p. 483.
4. James L. Laughlin, The Elements of Political Economy (New York: American Book, 1902), p. 71.
5. Irving Fisher, Elementary Principles of Economics (New York: MacMillan, 1912), p. 330.
6. E. R. A. Seligman, Principles of Economics (New York: Longmans, Green, 1909), p. 341.
7. E. R. A. Seligman, Principles of Economics Ibid., p. 97.
8. Simon Patten, "The Economic Effects of Combinations," Age of Steel (Jan. 5, 1889): 13.
9. Franklin Giddings, "The Persistence of Competition," Political Science Quarterly (March 1887): 62.
10. David A. Wells, Recent Economic Changes (New York: DeCapro Press, 1889), p. 74.
11. George Gunton, "The Economics and Social Aspects of Trusts," Political Science Quarterly (Sept. 1888): 385.
12. A. W. Coats, "The American Political Economy Club," American Economic Review (Sept. 1961): 621-37.
13. Thomas J. DiLorenzo, "The Origins of Antitrust: An Interest-Group Perspective," International Review of Law and Economics (Fall 1985): 73-90.
14. Burton N. Behling, "Competition and Monopoly in Public Utility Industries" (1938), in Harold Demsetz, ed., Efficiency, Competition, and Policy (Cambridge, Mass.: Blackwell, 1989), p. 78.
15. Burton N. Behling, "Competition and Monopoly in Public Utility Industries" (1938) Efficiency, Competition, and Policy p. 78. Ibid.
16. George T. Brown, The Gas Light Company of Baltimore: A Study of Natural Monopoly (Baltimore, Maryland: Johns Hopkins University Press, 1936).
17. George T. Brown, The Gas Light Company of Baltimore: A Study of Natural Monopoly Ibid., p. 5.
18. George T. Brown, The Gas Light Company of Baltimore: A Study of Natural Monopoly Ibid., p. 31.
19. George T. Brown, The Gas Light Company of Baltimore: A Study of Natural Monopoly p. 31. Ibid.
20. George T. Brown, The Gas Light Company of Baltimore: A Study of Natural Monopoly Ibid., p. 47.
21. George T. Brown, The Gas Light Company of Baltimore: A Study of Natural Monopoly Ibid., p. 52.
22. George T. Brown, The Gas Light Company of Baltimore: A Study of Natural Monopoly Ibid., p. 75.
23. George T. Brown, The Gas Light Company of Baltimore: A Study of Natural Monopoly Ibid., p. 106. Emphasis added.
24. Horace M. Gray, "The Passing of the Public Utility Concept," Journal of Land and Public Utility Economics (Feb. 1940): 8.
25. Horace M. Gray, "The Passing of the Public Utility Concept," Journal of Land and Public Utility Economics 1940: 8. Ibid
26. Horace M. Gray, "The Passing of the Public Utility Concept," Journal of Land and Public Utility Economics Ibid., p. 9.
27. Horace M. Gray, "The Passing of the Public Utility Concept," Journal of Land and Public Utility Economics Ibid., p. 9 Ibid.
28. Horace M. Gray, "The Passing of the Public Utility Concept," Journal of Land and Public Utility Economics Ibid., p. 15.
29. Horace M. Gray, "The Passing of the Public Utility Concept," Journal of Land and Public Utility Economics Ibid., p. 11.
30. George Stigler and Claire Friedland, "What Can Regulators Regulate? The Case of Electricity," Journal of Law and Economics (October 1962): 1-16.
31. Gregg A. Jarrell, "The Demand for State Regulation of the Electric Utility Industry," Journal of Law and Economics (October 1978): 269-95.
32. Demsetz, Efficiency, Competition, and Policy, p. 81.
33. Murray N. Rothbard, Power and Market: Government and the Economy (Kansas City: Sheed Andrews and McMeel, 1977), pp. 75-76.
34. Murray N. Rothbard, Man, Economy, and State: A Treatise on Economic Principles (Auburn, Ala.: Ludwig von Mises Institute, 1993), p. 619.
35. Murray N. Rothbard, Man, Economy, and State: A Treatise on Economic Principles Ibid., p. 620.
36. Murray N. Rothbard, Man, Economy, and State: A Treatise on Economic Principles Ibid., p. 548.
37. Edwin Chadwick, "Results of Different Principles of Legislation and Administration in Europe of Competition for the Field as Compared With Competition Within the Field of Service," Journal of the Statistical Society of London 22 (1859): 381-420.
38. Harold Demsetz, "Why Regulate Utilities?" Journal of Law and Economics (April 1968): 55-65.
39. 40 Ibid. Harold Demsetz, "Why Regulate Utilities?" Journal of Law and Economics
40. Steve Hanke and Stephen J. K. Walters, "Privatization and Natural Monopoly: The Case of Waterworks," The Privatization Review (Spring 1987): 24-31.
41. Walter J. Primeaux, Jr., Direct Electric Utility Competition: The Natural Monopoly Myth (New York: Praeger, 1986), p. 175.
42. "California Eyes Open Electricity Market," The Washington Times, May 27, 1995, p. 2.
43. The following information is from Toni Mack, "Power to the People," Forbes, June 5, 1995, pp. 119-26.
44. Toni Mack, "Power to the People," Forbes Ibid., p. 120.
45. Toni Mack, "Power to the People," Forbes Ibid., p. 126.
46. Thomas Hazlett, "Duopolistic Competition in Cable Television: Implications for Public Policy," Yale Journal on Regulation 7 (1990).
47. Thomas Hazlett, "Duopolistic Competition in Cable Television: Implications for Public Policy," Yale Journal on Regulation 7 (1990). Ibid.
48. Thomas Hazlett, "Duopolistic Competition in Cable Television: Implications for Public Policy," Yale Journal on Regulation 7 (1990). Ibid.
49. Thomas Hazlett, "Duopolistic Competition in Cable Television: Implications for Public Policy," Yale Journal on Regulation 7 (1990). Ibid.
50. Thomas Hazlett, "Private Contracting versus Public Regulation as a Solution to the Natural Monopoly Problem," in Robert W. Poole, ed., Unnatural Monopolies: The Case for Deregulating Public Utilities (Lexington, Mass.: Lexington Books, 1985), p. 104.
51. Pacific West Cable Co. v. City of Sacramento, 672 F. Supp. 1322 1349-40 (E.D. Cal. 1987), cited in Hazlett, "Duopolistic Competition
52. Thomas Hazlett, "Duopolistic Competition in Cable Television
53. Adam D. Thierer, "Unnatural Monopoly: Critical Moments in the Development of the Bell System Monopoly," Cato Journal (Fall 1994): 267-85.
54. Adam D. Thierer, "Unnatural Monopoly: Critical Moments in the Development of the Bell System Monopoly," Cato Journal Ibid., p. 270.
55. Adam D. Thierer, "Unnatural Monopoly: Critical Moments in the Development of the Bell System Monopoly," Cato Journal 1994 p.270 Ibid.
56. G. H. Loeb, "The Communications Act Policy Toward Competition: A Failure to Communicate," Duke Law Journal 1 (1978): 14.
57. Thierer, "Unnatural Monopoly: Critical Moments in the Development of the Bell System Monopoly," p. 277.
58. Gray, "The Passing of the Public Utility Concept," p. 10.