Ebook: Regulatory Failure and Renewal: The Evolution of the Natural Monopoly Contract, Second Edition

How the failure to protect private property from the coercive power of the state in Canada has led to a breakdown in regulation and in the creation of public enterprises.

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.