Electronic Resource
Springer
Public choice
34 (1979), S. 117-122
ISSN:
1573-7101
Source:
Springer Online Journal Archives 1860-2000
Topics:
Economics
Notes:
Conclusion For the most part, economic studies have not exhibited even a rudimentary awareness of the elements of the consolidation record discussed in the previous section. This neglect stems from an implicit assumption that the institutional structure underlying consolidation has no impact on outcomes. Models have been constructed as if real-world consolidations require the consent of all parties. While not logically contradictory, we have argued that this approach has little to do with actual processes. Most successful consolidations simply do not provide all residents of the metropolitan community with the opportunity of choosing between the status quo and agglomeration. Redistributive processes are the norm. Future studies on consolidation must proceed from this basic observation.
Type of Medium:
Electronic Resource
URL:
http://dx.doi.org/10.1007/BF00125757
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