Regulatory Failure and Renewal

Using the transaction-cost literature pioneered by Oliver Williamson, John Baldwin examines contractual failure in Canada in natural monopoly cases, asking why initial forms of contracts between the state and private enterprise failed, and why this failure so often resulted in the use of public enterprise rather than regulatory tribunals.

Folosind literatura privind costurile de tranzactie lansata de Oliver Williamson, John Baldwin examineaza esecul contractual din Canada in cazurile de monopol natural, intreband de ce formele initiale de contracte intre stat si intreprinderea privata au esuat si de ce acest esec a dus atat de des la utilizarea intreprinderilor publice. mai degraba decat tribunalele de reglementare.