Torregrosa, Ramón J. - In: Public Finance Review 26 (1998) 4, pp. 392-405
In 1946, Coase rejected Hotelling-Lerner's solution for financing a nationalized monopoly on the grounds that any tax structure could distort relative prices. In monopoly where two-part tariffs are infeasible, Coase suggested average cost pricing as a noninfenor solution to the above policy....