Footnote:
In: American Economic Review, Vol. 76, No. 3, pp. 559-563, June 1986
Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments 1986 erstellt
Description:
In a recent article in this Review, Robert McCormick, William Shughart, and Robert Tollison (1984) addressed the issue of monopoly deregulation. The authors put forward the provocative idea that "because under most conditions Tullock costs cannot be recouped, the returns to deregulation are lower than previously thought." We point out that McCormick et al. have not actually shown, as they claim, that "such a deregulating program can easily impose more costs than it is worth" (p. 1075)