Download Competing With the Government: Anticompetitive Behavior and by R. Richard Geddes, R. Richard Geddes, David E. M. PDF
By R. Richard Geddes, R. Richard Geddes, David E. M. Sappington, J. Gregory Sidak, Peter J. Wallison
Government-owned and government-subsidized enterprises compete with deepest companies in various actions yet are usually endowed with privileges and immunities now not loved by means of their inner most opponents. Competing with the govt. finds how those privileges provide executive corporations a synthetic aggressive virtue that fosters quite a lot of most likely destructive results. interpreting numerous circumstances during which govt and personal businesses compete—including freight carriage, electrical utilities, monetary providers, and others—the authors increase primary questions about the right kind dating among company and govt in a industry economic climate and underline the necessity for major coverage switch relating to festival among executive and personal enterprises. Drawing from a wealth of case reports, they element how state-owned corporations (SOEs) take pleasure in an array of government-granted privileges and immunities that may be used anticompetitively, revealing why an SOE is prone to interact in anticompetitive habit than a privately owned firm—and why anticompetitive habit by way of SOEs may be destructive to society. They convey how the U.S. Postal Service—as good as postal companies abroad—have regularly been responsible of anticompetitive habit. and so they make a robust case that government-sponsored organizations comparable to Fannie Mae and Freddie Mac have truly violated the Sherman antitrust act through monopolizing the automatic underwriting marketplace.
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Additional info for Competing With the Government: Anticompetitive Behavior and Public Enterprises (Hoover Institution Press Publication)
10609$ $CH2 02-19-04 11:13:30 PS Case Studies of Anticompetitive SOE Behavior 47 TVA receives because of its government status. 2 billion loan from the federal government. 41 The TVA’s use of government-granted privileges and immunities has given rise to multifarious anticompetitive concerns. One is in its own core area of providing electricity. Although the TVA enjoys a monopoly in its main service area, it faces competition on the margins of its service territory. It competes aggressively to retain customers on those margins.
To the extent that the government firm maximizes size, it will be willing to pay more for an acquisition that allows it to expand into other businesses. That is inefficient because the price paid for the acquisition will not reflect its true resource cost. 10609$ $CH2 02-19-04 11:13:28 PS Case Studies of Anticompetitive SOE Behavior 37 There are other ways in which special privileges allow a government firm to compete inefficiently. For example, the mailbox monopoly in the United States has important effects in reducing competition and thus assisting in the acquisition of additional rents for the USPS.
5. Paul W. MacAvoy and George S. McIssac, ‘‘The Current File on the Case for Privatization of the Federal Government Enterprises,’’ in Deregulation and Privatization in the United States, Hume Papers on Public Policy 3, ed. Paul W. MacAvoy (Edinburgh: Edinburgh University Press 1995). 10609$ $CH2 02-19-04 11:13:33 PS Case Studies of Anticompetitive SOE Behavior 55 6. See John R. , Are Predatory Commitments Credible? Who Should the Courts Believe? (Chicago: University of Chicago Press, 1999). 7.