The Scope of Chadwick's Bidding Scheme
AbstractIn this paper, I examine the scope of Chadwick's principle of contract management. I show that Chadwick targeted his bidding scheme at a number of social evils he perceived to be attached to unregulated cpmpetition and not just at decreasing-cost natural monopoly. I also show that his scheme requires a tax to be added in any application involving increasing costs. It may then be a useful form of regulation, depending upon the costs and benefits of contract management.
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Bibliographic InfoPaper provided by Centre for Research into Industry, Enterprise, Finance and the Firm in its series CRIEFF Discussion Papers with number 9301.
Date of creation: Oct 1993
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- L51 - Industrial Organization - - Regulation and Industrial Policy - - - Economics of Regulation
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- Antony Dnes & Neil Rickman, 1998. "Contracts for Legal Aid: A Critical Discussion of Government Policy Proposals," European Journal of Law and Economics, Springer, vol. 5(3), pages 247-265, May.
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