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dc.contributor.authorNuma, Guy
dc.date.accessioned2010-01-12T08:16:26Z
dc.date.available2010-01-12T08:16:26Z
dc.date.issued2012
dc.identifier.urihttps://basepub.dauphine.fr/handle/123456789/2872
dc.language.isoenen
dc.subjectWalrasen
dc.subjectNatural Monopolyen
dc.subjectRailroadsen
dc.subjectRegulationen
dc.subjectVertical Unbundlingen
dc.subjectCompetitionen
dc.subjectDupuiten
dc.subject.ddc330.1en
dc.subject.classificationjelB10en
dc.subject.classificationjelD42en
dc.subject.classificationjelL51en
dc.subject.classificationjelL92en
dc.titleDupuit and Walras on The Natural Monopoly in Transport Industries: What They Really Wrote and Meanten
dc.typeArticle accepté pour publication ou publié
dc.description.abstractenIn this article, I analyze and compare the contributions of Dupuit and Walras on the natural monopoly of railroads. Both theorists argued that inland waterways—as opposed to railroads—could be vertically unbundled, a point which previous authors who compared their views failed to point out. Moreover, until now, Dupuit’s analysis of the railroad monopolies before the Société d’Economie Politique has been overlooked. This article fills this gap in the literature by showing that Dupuit and Walras both concluded that railroads were better managed under the monopoly regime; however they drew upon different perspectives. I argue that Dupuit was more pragmatic using the concept of “de facto monopoly” while Walras was more ideological arguing that the railroad industry was a public utility. In so doing, I underline that Dupuit did not oppose government intervention, counter to a few misrepresentations and fallacies in the literature.en
dc.relation.isversionofjnlnameHistory of Political Economy
dc.relation.isversionofjnlvol44
dc.relation.isversionofjnlissue1
dc.relation.isversionofjnldate2012
dc.relation.isversionofjnlpages69-95
dc.relation.isversionofdoihttp://dx.doi.org/10.1215/00182702-1504059
dc.identifier.urlsitehttp://ssrn.com/abstract=1525366en
dc.description.sponsorshipprivateouien
dc.relation.isversionofjnlpublisherDuke University Press
dc.subject.ddclabelThéorie économiqueen


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