Regulatory Failure and Renewal: The Evolution of the Natural Monopoly Contract, Second Edition Volume 260

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The book explores contractual failures in Canada's natural monopoly cases, utilizing transaction-cost theory from Oliver Williamson. It investigates the reasons behind the breakdown of initial contracts between the state and private enterprises, highlighting how these failures frequently led to the adoption of public enterprise over regulatory tribunals. Baldwin's analysis sheds light on the complexities of state-private relations and the implications for economic governance in monopolistic sectors.