REGULACJA MONOPOLU NATURALNEGO W ŚWIETLE TEORII KOSZTÓW TRANSAKCYJNYCH
A TRANSACTIONAL COST APPROACH TO THE NATURAL MONOPOLY REGULATION
Author(s): Bożena BorkowskaSubject(s): Business Economy / Management, Accounting - Business Administration
Published by: Wydawnictwo Naukowe Uniwersytetu Mikołaja Kopernika
Keywords: Transactional cost; Natural monopoly regulation; spot market;
Summary/Abstract: The transactional cost framework seeks to identify the characteristics of transactions that lead classical “spot markets” to fail, in the sense that the spot market is a more costly mode of exchange than alternative institutional arrangements (e.g. some type of long term contract or vertical integration). This paper provides a theory of natural monopoly regulation that parallels the theory of the firm and the theory of contractual institutions.
Journal: Ekonomia i Prawo. Economics and Law
- Issue Year: 2/2006
- Issue No: 1
- Page Range: 441-456
- Page Count: 16
- Language: Polish