Ronald Coase on JS Mill’s false doctrine of “natural monopoly”
This is a brilliant chat between Posner and Coase. As part of it it he discusses the economics of utilities and demonstrates why competition is so essential in these areas. I’ve extracted Coase’s insights into monopolies – particularly in relation to utilities. I admire Coase’s empirical approach. This turns out to be much better in many […]
Source: https://www.sabhlokcity.com/2018/12/ronald-coase-on-js-mills-false-doctrine-of-natural-monopoly/
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