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This paper was supported in part by a grant from the Ford Foundation to the Center for the Study of Public Choice at Virginia Polytechnic Institute and State University. This aid is greatfully acknowledged.
I am grateful also to Jacque H. Dreze, David Schmeidler and John Roberts for their valuable coments.
The author is Assistant Professor of Economics at Virginia Polytechnic Institute and State University.
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Kats, A. Monopolistic trading economies: A case of governmental control. Public Choice 20, 17–32 (1974). https://doi.org/10.1007/BF01718175
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DOI: https://doi.org/10.1007/BF01718175