000 01527cam a2200181 4500500
005 20250121055021.0
041 _afre
042 _adc
100 1 0 _aAlonzo, Anne
_eauthor
700 1 0 _a Deffains, Bruno
_eauthor
700 1 0 _a Tallec, Ronan
_eauthor
245 0 0 _aPublic choice and monopoly: the ‘privilege’ of the royal mirror factory and how it was controlled during the Ancien Régime
260 _c2020.
500 _a73
520 _aEconomic theory considers monopolies as harmful to consumer and community welfare. In an imperfect market, however, state regulation can be socially beneficial and subsidized companies can act as if they are in a competitive market. From this perspective, research in political economy has challenged the one-sided vision of market institutions. Public choice economists have studied the origins of these mechanisms but historians have argued that their vision of the past is anachronistic and utilitarian. This study of the Royal Mirror Factory’s “privilege” during the Ancien Régime confirms the relevance of this analytical framework and suggests that, under specific conditions, the consumer can indeed benefit from state control over monopolies. It especially explains why temporary “privileges” were constantly renewed under the Ancien Régime in France.
786 0 _nEntreprises et histoire | o 100 | 3 | 2020-10-28 | p. 22-38 | 1161-2770
856 4 1 _uhttps://shs.cairn.info/journal-entreprises-et-histoire-2020-3-page-22?lang=en&redirect-ssocas=7080
999 _c471483
_d471483