JEL Classifications: L13, K42, L15 Keywords: anarcho-capitalism, networks, collusion Abstract: There is a tension between libertarians' optimism about private supply of public goods and their skeptical of the viability of voluntary collusion. (Cowen 1992; Cowen and Sutter 1999) Playing off this asymmetry, Cowen (1992) advances the novel argument that the "free market in defense services" favored by anarcho-capitalists is a network industry where collusion is especially feasible. The current article dissolves Cowen's asymmetry, showing that he fails to distinguish between self-enforcing and non-self-enforcing interaction. Case study evidence on network behavior before and after antitrust supports our analysis. Furthermore, libertarians' joint beliefs on public goods and collusion are more theoretically defensible than Cowen and Sutter (1999) indicate.
|Keywords||No keywords specified (fix it)|
|Categories||categorize this paper)|
References found in this work BETA
No references found.
Citations of this work BETA
No citations found.
Similar books and articles
Rejoinder to David Friedman on the Economics of Anarchy.Tyler Cowen - 1994 - Economics and Philosophy 10 (2):329.
Giochi di anarchia. Beni pubblici, teoria dei giochi e anarco-liberalismo.Gustavo Cevolani & Roberto Festa - 2011 - Nuova Civiltà Delle Macchine 29 (1-2):163-180.
The Role of Personal Justice in Anarcho-Capitalism.Karl T. Fielding - 1978 - Journal of Libertarian Studies 2 (3):239-242.
Risk and Austrian Business‐Cycle Theory: Rejoinder to Cowen.J. Barkley Rosser - 2000 - Critical Review 14 (1):95-97.
The Public Goods Rationale for Government and the Circularity Problem.Tyler Cowen & Gregory Kavka - 2003 - Politics, Philosophy and Economics 2 (2):265-277.
Time, Bounded Utility, and the St. Petersburg Paradox.Tyler Cowen & Jack High - 1988 - Theory and Decision 25 (3):219-223.
The Private Equity-Leveraged Buyout Form of Finance Capitalism.Richard P. Nielsen - 2008 - Business Ethics Quarterly 18 (3):379-404.
Added to index2010-12-22
Total downloads55 ( #96,429 of 2,177,988 )
Recent downloads (6 months)1 ( #317,698 of 2,177,988 )
How can I increase my downloads?