Electricity in Quebec before Nationalization, 1919 to 1939
Vincent Geloso and
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Germain Belzile: HEC Montréal
Atlantic Economic Journal, 2018, vol. 46, issue 1, No 8, 119 pages
Abstract History books tend to depict the early days of the electrical industry as one of monopoly where consumers were being gouged. The province of Quebec in Canada was no exception. With the use of wide-ranging data over time, we observe a different portrait: electrical firms in Quebec increased production faster than elsewhere while prices fell consistently. The main reason for this divergence between facts and history books is most likely the choice of comparing Quebec’s private industry with Ontario’s nationalized industry, which priced electricity at the average cost.
Keywords: Electricity; Canadian economic history; Monopoly; D40; L10; N72 (search for similar items in EconPapers)
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