Tullock Is Completely Wrong: the Case for Road Privatization
نویسنده
چکیده
THE ROLE OF THE PRIVATE SECTOR in the production of road services has been extensively studied and has generated substantial theoretical and empirical work (Block 2006; Carnis 2006; Roth 2006). There is debate as to the modalities of privatisation (Block 2006; Carnis 2003; Hoppe 1991) and the functioning of a market system for the providing of road services (Carnis 2001; Roth 1996; Block 1979). Further issues include dealing with such obstacles to the functioning of a free market as opportunistic behaviour, the possible emergence of a natural monopoly, and negative external effects (Roth 1996; Klein 1990; Block 1983a).
منابع مشابه
New Directions in Road Privatization 1
Some authors, however, contest this perspective and show that these propositions are erroneous [Roth, 1996]. From a theoretical point of view, there is no way to contest that a road network is a private good, which can be produced by the private sector [Block, 1983 (a) and (b), 1980, 1979]. Indeed, if we take the current definition of a public good given by Samuelson, it can be easily shown tha...
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