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Public or Private Monopoly?

Author

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  • 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.

Suggested Citation

  • Quiggin, John C., 1988. "Public or Private Monopoly?," Review of Marketing and Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 56(03), December.
  • Handle: RePEc:ags:remaae:12274
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    File URL: http://purl.umn.edu/12274
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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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    Keywords

    Agricultural and Food Policy;

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