Comments on: The (soon to be revised) history of electric competition in Lubbock http://knowledgeproblem.com/2009/11/05/the-soon-to-be-revised-history-of-electric-competition-in-lubbock/ Commentary on Economics, Information and Human Action Fri, 10 Feb 2012 04:58:33 +0000 hourly 1 http://wordpress.com/ By: Michael Giberson http://knowledgeproblem.com/2009/11/05/the-soon-to-be-revised-history-of-electric-competition-in-lubbock/#comment-10007 Thu, 05 Nov 2009 21:40:36 +0000 http://knowledgeproblem.com/?p=5833#comment-10007 Theoretically, and as usual radically oversimplifying, monopoly gives static efficiency (cough cough) at the cost of dynamic inefficiency, while duopoly gains some dynamic efficiency at the cost of static inefficiencies.

And then, if two sets of wires are inefficient, is multiple sets of cell phone infrastructure also inefficient? Should we just have one set?

]]> By: Tom Konrad http://knowledgeproblem.com/2009/11/05/the-soon-to-be-revised-history-of-electric-competition-in-lubbock/#comment-10006 Thu, 05 Nov 2009 18:43:15 +0000 http://knowledgeproblem.com/?p=5833#comment-10006 Two sets of wires is clearly inefficient, but the historical case you lay out here seems to imply that regulated or publicly owned monopoly, as practiced in the rest of the country, is even more inefficient. Not that the monopolists are likely to say so.

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