Competing with the government : anticompetitive behavior and public enterprises / edited by R. Richard Geddes ; contributing authors, R. Richard Geddes ... [and others].

Format:

Book

Contributor:

Geddes, R. Richard.

Series:

Hoover Institution Press publication ; 523.

Hoover Institution Press publication ; no. 523

Language:

English

Subjects (All):

Government business enterprises--United States.

Government business enterprises.

Government monopolies.

United States.

Government corporations--United States.

Government corporations.

Government monopolies--United States.

Competition, Unfair--United States.

Competition, Unfair.

Antitrust law--United States.

Antitrust law.

Physical Description:

xv, 120 pages : illustrations ; 23 cm.

Place of Publication:

Stanford, Calif. : Hoover Institution Press, [2004]

Summary:

Government-owned and government-subsidized firms compete with private firms in a variety of activities but are often endowed with privileges and immunities not enjoyed by their private rivals. Competing with the Government reveals how these privileges give government firms an artificial competitive advantage that fosters a wide range of potentially harmful effects.

Examining a variety of instances in which government and private firms compete -- including freight carriage, electric utilities, financial services, and others -- the authors raise fundamental questions about the proper relationship between business and government in a market economy and underline the need for significant policy change regarding competition between government and private firms.

Drawing from a wealth of case studies, they detail how state-owned enterprises (SOEs) enjoy an array of government-granted privileges and immunities that can be used anticompetitively, revealing why an SOE is more likely to engage in anticompetitive behavior than a privately owned firm -- and why anticompetitive behavior by SOEs is likely to be harmful to society. They show how the U.S. Postal Service -- as well as postal services abroad -- have consistently been guilty of anticompetitive behavior. And they make a strong case that government-sponsored enterprises such as Fannie Mae and Freddie Mac have actually violated the Sherman antitrust act by monopolizing the automated underwriting market.

Contents:

Anticompetitive behavior by state-owned-enterprises: incentives and capabilities / David E. M. Sappington, J. Gregory Sidak

Case studies of anticompetitive SOE behavior / R. Richard Geddes

Applying the Microsoft decision to Fannie Mae and Freddie Mac / Peter J. Wallison

Anticompetitive behavior in postal services / R. Richard Geddes.

Notes:

Includes bibliographical references and index.

ISBN:

081793992X

OCLC:

53483478