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Author: Sam Peltzman
Publisher: Rowman & Littlefield
ISBN: 081571341X
Category : Business & Economics
Languages : en
Pages : 215
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Book Description
Although the airline, railroad, telecommunications, and electric power industries are at very different stages in adjusting to regulatory reform, each industry faces the same critical public policy question: Are policymakers taking appropriate steps to stimulate competition or are they turning back the clock by slowing the process of deregulation? This volume addresses that issue and identifies the next steps that policymakers should take to enhance public welfare in the provision of these services. Each chapter identifies the central policy issues that have arisen in each industry as it undergoes transformation to a deregulated environment. The authors reveal the flaws in the residual regulations and make the case for faster and more comprehensive deregulation. A concluding chapter identifies how interest groups continue to exert influence on regulatory agencies and on Congress, potentially undermining deregulation. The papers included here were initially presented in December 1999 at a conference sponsored and organized by the AEI–Brookings Joint Center for Regulatory Studies.
Author: Sam Peltzman
Publisher: Rowman & Littlefield
ISBN: 081571341X
Category : Business & Economics
Languages : en
Pages : 215
Get Book Here
Book Description
Although the airline, railroad, telecommunications, and electric power industries are at very different stages in adjusting to regulatory reform, each industry faces the same critical public policy question: Are policymakers taking appropriate steps to stimulate competition or are they turning back the clock by slowing the process of deregulation? This volume addresses that issue and identifies the next steps that policymakers should take to enhance public welfare in the provision of these services. Each chapter identifies the central policy issues that have arisen in each industry as it undergoes transformation to a deregulated environment. The authors reveal the flaws in the residual regulations and make the case for faster and more comprehensive deregulation. A concluding chapter identifies how interest groups continue to exert influence on regulatory agencies and on Congress, potentially undermining deregulation. The papers included here were initially presented in December 1999 at a conference sponsored and organized by the AEI–Brookings Joint Center for Regulatory Studies.
Author:
Publisher:
ISBN: 9781847201171
Category :
Languages : en
Pages : 256
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Book Description
Author: Ingo Vogelsang
Publisher: Cambridge University Press
ISBN: 110880781X
Category : Political Science
Languages : en
Pages : 94
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Book Description
Have you ever wondered how your telephone company or Internet service provider can give you access to almost all people in the world, or how electricity suppliers can compete with each other if there is only one electric supply line passing through your street? This Element deals with the economics and public regulation of such network industries. It puts particular emphasis on the specific economic concepts used for analyzing them and on the regulatory reform movement and the compatibility of regulation and competition. Worldwide most of these industries have changed dramatically in recent years, telecommunications in particular. Network industries mostly exhibit economies of scale in production and similar economies in consumption. Both of these properties cause market power problems that often require industry-specific regulation. However, due to technological and market changes network policies have moved on from end-user regulation to wholesale regulation and in some cases to deregulation.
Author: J. Gregory Sidak
Publisher: Cambridge University Press
ISBN: 0521591597
Category : Business & Economics
Languages : en
Pages : 655
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Book Description
This 1998 book addresses deregulatory policies termed 'deregulatory takings' that threaten private property in network industries without compensation.
Author: Lawrence J. White
Publisher: American Enterprise Institute
ISBN: 9780844771403
Category : Business & Economics
Languages : en
Pages : 68
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Book Description
Network industries comprise a large sector of the US economy. This text shows that public policy concerns are not accidental, because such industries often embody two major and widely recognized forms of potential market failure: significant economies of scale, and externalities.
Author: Paul J.J. Welfens
Publisher: Springer Science & Business Media
ISBN: 3642601898
Category : Political Science
Languages : en
Pages : 574
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Book Description
Competition in network industries faces particular problems which are analyzed from both a theoretical and policy perspective. Issues of vertical integration, deregulation and privatization are covered. While competition and privatization are rapidly unfolding in telecommunications in Western and Eastern Europe, energy and railway transportation represent sectors of more gradual liberalization. The different market characteristics of telecommunications, energy and transportation raise consistency problems in the fields of deregulation, investment strategies and internationalization. While transformation policies create opportunities for liberalization in Eastern Europe and Russia the latter shows critical problems in ending monopoly and state ownership. Network industries could be subject to competition and promise major investment opportunities plus consumer benefits.
Author: Rolf W. Künneke
Publisher: Edward Elgar Publishing
ISBN: 1849802173
Category : Business & Economics
Languages : en
Pages : 229
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Book Description
This book addresses critical issues in the governance of network industries in terms of institutional design, technology and policy. Infrastructures are subject to substantial readjustments of governance structures, often labeled as liberalization, privatization or reregulation. This affects all traditional infrastructure sectors including communications, energy, transport and water. This volume highlights and illustrates some of the major challenges for readjusting the governance of network industries from an economic, institutional, political and technological perspective. The three parts of the book address the institutional design of infrastructures, the role of technology in different sectors, and actor behavior. Adopting a multidisciplinary perspective, this book will appeal to economists and political scientists with an interest in the management of network industries. It will also be of great value to policy-makers and regulators in the field.
Author: Agnieszka Kowalska
Publisher:
ISBN:
Category :
Languages : en
Pages : 174
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Book Description
Author: Matthias Finger
Publisher: Edward Elgar Publishing
ISBN: 0857930478
Category : Business & Economics
Languages : en
Pages : 537
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Book Description
'To learn about how economic and institutional forces have shaped the network industries and policies towards them, read the first part of the book. To discover their impacts on particular industries, read the second part. And to find out what has happened in particular countries, read the third part. I think anyone interested in network industries should read all of it! The book's structure allows for many interesting comparisons across countries and sectors.' Richard Green, University of Birmingham, UK 'This is a very useful and comprehensive guide to reforms in network industries in communications, energy, transport and water. It is organized by generic topic, sector and region. Its authors are acknowledged experts. I am confident that this Handbook will be a widely read and valuable resource for many years.' Martin Cave, London School of Economics, UK 'Quite an accomplishment, this Handbook provides by far the most comprehensive overview of the role of the private sector and competition in infrastructure industries, with thoughtful surveys of each of the major infrastructure sectors and of the key regions and countries.' José Gómez-Ibáñez, Harvard University, US In recent decades, all infrastructures have undergone significant restructuring. This worldwide phenomenon is often labelled 'liberalization' and although expectations were high with respect to lower prices, greater efficiency and innovation, the expected gains have not always been fully realized. This extensive, state-of-the-art Handbook provides a comprehensive overview of the various experiences of liberalization across different sectors, regions and disciplines. The multidisciplinary approach focuses on the economic, political and institutional aspects of liberalization as well as, to a lesser extent, on technological issues. As such, it constitutes a unique contribution, as this broad overview is often lost in the sector specific, country-focused and purely disciplinary approaches prevalent in the current literature. Sectors explored include telecoms, the Internet, energy and transport, whilst the truly global perspective incorporates unique case studies from an array of developed and developing countries including the US, China, India and the EU. The International Handbook of Network Industries will become the definitive volume for academics researchers and students of economics, political science and law interested in infrastructure regulation. It will also prove a valuable guide to practitioners and policy-makers involved in liberalization and competition.
Author: Jean-Michel Glachant
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
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Book Description
Contrary to the dominant economic theory which as far as network industries are concerned deals with the issues of natural monopolies and optimal tarification, this article applies another theory to the economic analysis of regulation: the institutional analysis. The author argues that the institutional economic analysis of markets regulation abandons the policies of letting market forces play and highlights two critical dimensions in the production of efficient regulatory and deregulatory policies. These are Market Design which deals with conception of new markets mechanisms and Regulatory Design which deals with the conception of new modes of regulation. The paper examines diverse governance structures (bilateral, multilateral or trilateral) meeting the specificity of the transactions in network activities. It also stresses the necessity to set up institutions able to monitor one or several decades of transition and which take into account interventions by various players and in particular Veto players.
