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Public or Private Monopoly?

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Author Info

  • Quiggin, John C.

Abstract

Almost all aspects of the current policy debate over grain handling, transport and marketing turn on the problem of monopoly. The essential problem is that, in the presence of extensive scale economies, the perfectly competitive market of the textbooks cannot be sustained. Policy makers are left with three broad alternatives, each of which seems more notable for its disadvantages than its advantages. The basic choices are public monopoly, regulation and unregulated private monopoly.

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File URL: http://purl.umn.edu/12274
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Bibliographic Info

Article provided by Australian Agricultural and Resource Economics Society in its journal Review of Marketing and Agricultural Economics.

Volume (Year): 56 (1988)
Issue (Month): 03 (December)
Pages:

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Handle: RePEc:ags:remaae:12274

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Postal: AARES Central Office Manager, Crawford School of Public Policy, ANU, Canberra ACT 0200
Phone: 0409 032 338
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Web page: http://www.aares.info/
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Related research

Keywords: Agricultural and Food Policy;

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Cited by:
  1. Watson, Alistair S., 1996. "Principles of Grain Marketing: Some Lessons from Australian Experience," Technical Reports 113821, Australian Centre for International Agricultural Research.

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