In Allais's principal works, two massive studies published in the 1940s,
he examined the functioning of state-owned monopolies such as national
utility companies. He laid the theoretical foundation for determining
the prices of these monopolies' products or services in such a way as
to offer maximal economic efficiency while still providing optimum social
benefits. His principles became a guiding force for planning state enterprises
in terms of prices rather than by direct (and often politically determined)
regulation. Allais's theories thus offered to large state monopolies
the opportunity to apply efficient market-economics principles. His
work proved particularly important in view of the growth of state-owned
monopolies in the economies of western Europe in the decades following
World War II.
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