From The CATO Institute and The Heritage Foundation:
Regulation & Deregulation
The Case of Duopoly
by Erwin A. Blackstone, Larry F. Darby, Joseph P. Fuhr Jr.
Cato Institute
December 20, 2011
Regulation
There is nothing of consequence to support a case for regulation based only on market structure. Common sense suggests that such regulation should be based on a thorough consumer-welfare-oriented cost-benefit analysis of the conduct and performance of markets and of the well-known infirmities of government efforts to manage competitive processes.
URL: www.cato.org/pubs/regulation/regv34n4/v34n4-3.pdf
Regulation & Deregulation
The Case of Duopoly
by Erwin A. Blackstone, Larry F. Darby, Joseph P. Fuhr Jr.
Cato Institute
December 20, 2011
Regulation
There is nothing of consequence to support a case for regulation based only on market structure. Common sense suggests that such regulation should be based on a thorough consumer-welfare-oriented cost-benefit analysis of the conduct and performance of markets and of the well-known infirmities of government efforts to manage competitive processes.
URL: www.cato.org/pubs/regulation/regv34n4/v34n4-3.pdf
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