Economics @ ITT

Privatisation’s Worse Case Scenario

Posted in antitrust, economics, Policy Issues, Regulation by ittecon on April 16, 2012

“Under the $563 million, 99-year deal that privatized four city-owned parking garages in downtown Chicago, City Hall made a promise” to ensure that the parking garages would not be subject to any competition. Where are the free marketists now?

via Chicago faces $200 million claim over privatized parking garage – Chicago Sun-Times.

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