Suchergebnisse

THIS PAPER GIVES THE CONDITION FOR A WELFARE IMPROVING MONOPOLY DEREGULATION WHEN THE DECISION MAKING PROCESS CANNOT BE INSULATED FROM TULLOCK ACTIVITIES AND PLAYERS ARE RISK NEUTRAL. IT CONSIDERS A MODEL WHERE THE DEREGULATION OF A MONOPOLY IS A CONTESTED ISSUE, IT ASSUMES THAT THE DECISION MAKING PROCESS CANNOT BE INSULATED FROM LOBBYING ACTIVITIES, AND DESCRIBES THE FRAMEWORK THAT ALLOWS FOR ONLY ONE WINNER.