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Economist have a concept called "natural monopoly" which refers to a industry where the capital investment is so large that it is not in society's best interest for there to be one than one supplier. The classic example is the local power industry (...) (22 years ago, 15-Oct-02, to lugnet.off-topic.debate)
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(...) I assume here you are taking about power supply rather than generation? Likewise for water supply and sewage collection - rather than water and sewerage treatment? (...) For some cities the airports may well be. But I think that as long as (...) (22 years ago, 15-Oct-02, to lugnet.off-topic.debate)
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(...) *some* economists do. Others reject the notion of a natural monopoly. The classic example is the (...) Just as a side note, I've said in the past that I didn't buy the natural monopoly argument, and have argued in detail against specific (...) (22 years ago, 15-Oct-02, to lugnet.off-topic.debate)
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(...) What are the other criteria used to determine/justify these "natural monopolies?" (...) My coworker has a power line running to his house that he occasionally uses during peak use times on the weekend, but primarily generates his own power. If (...) (22 years ago, 15-Oct-02, to lugnet.off-topic.debate)
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(...) I would imagine that both are related to the level the economy is operating at. (...) I'm not sure "Railroads" have been nationalised in the UK(?) - I exepct Tony has went the "3rd Way". (...) However you look at that mess, it is not an (...) (22 years ago, 15-Oct-02, to lugnet.off-topic.debate)
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