Montaner, Ramón José Torregrosa - Instituto Valenciano de Investigaciones Económicas (IVIE) - 1996
Coase (1946) rejected the superiority of Hotelling-Lemer solution upon average-cost pricing in face to fmance a nationalized monopoly due to taxes being distortionary. In this paper, we show that this conjecture is not general1y true. According to the utilitarian criterion, we find a...