A Note on David Hansemann as a Precursor of Chadwick and Demsetz

Bernhard Wieland
Additional contact information
Bernhard Wieland: Dresden Technical University

Chapter 14 in Public Economics and Public Choice, 2007, pp 243-255 from Springer

Abstract: Abstract Beat Blankart has always had a strong interest in the history of the German railways. In a very thought provoking paper published in 1987 he deals with the question in how far the history of the Prussian (later German) railways in the 19th and 20th century can be explained by political cycles in the sense of the Arrow theorem (Blankart 1987). Prussian railway policy in the 19th century was characterized by frequent swings between nationalization and privatization. In the period 1820–1847 railways saw a stormy growth with no intervention by the Prussian state at all. From 1849 to 1879 there was a mixed system with private and state owned railways, sometimes in direct competition to each other. In the period from 1884 to 1919 all Prussian railways were nationalized. Finally in 1919/20 all German railways were integrated into one unified state owned system the Deutsche Reichsbahn. Blankart explains these major swings between privatization and nationalization by the Arrow instability.

Keywords: Marginal Cost; Marginal Cost Price; Railway System; Natural Monopoly; Bidding Process (search for similar items in EconPapers)
Date: 2007
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-540-72782-8_14

Ordering information: This item can be ordered from
http://www.springer.com/9783540727828

DOI: 10.1007/978-3-540-72782-8_14

Access Statistics for this chapter

More chapters in Springer Books from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().