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ECONOMICS
REGULATION
Where business and government interact
Transport and Infrastructure - Major Publications
Modelling, Schmodelling! How to rationalise policies that would destroy the economy
Catallaxy Files, 25 July 2018
In a reprise of the feeding of the 5000 with five loaves and two fish, the Energy Security Board has offered salvation for the Australian economy with the National Energy Guarantee (NEG).
Regulatory Pricing and Access Issues
The key issue in privatising infrastructure, and arguably the reason for it to be in public ownership, is the concern about natural monopoly. A monopolist is able to extract high prices by reducing availability of supply or access. This concern about “price gouging” and wasted supply is of long standing.
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