century. One of the main theoretical and applied debates which is still an issue today concerns natural monopolies. Railroads … provision of railroads and transportation.Walras's point of view was developed with twofold argument of theoretical and a moral … economy. The case made in favor of the State intervention on Railroads industry considers altruistic motivations of human …

In this article, I analyze and compare the contributions of Dupuit and Walras on the natural monopoly of railroads … and Walras both concluded that railroads were better managed under the monopoly regime; however they drew upon different …. Both theorists argued that inland waterways—as opposed to railroads—could be vertically unbundled, a point which previous …

Although many economic and business historians have examined how American railroads colluded to raise rates or limit … service, they have paid less attention to the many ways railroads cooperated to exchange cars and freight between companies … interconnection were an underappreciated part of the struggle to regulate railroads. …

preferences for the service and privacy costs incurred when sharing data with the firm. In a monopoly, the firm is better off …

floor, however, a Demsetz auction is worse than no regulation at all of the bottleneck monopoly. Our results apply beyond …