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Author: Massimo Florio
Publisher: Edward Elgar Publishing
ISBN: 1786439034
Category : Business & Economics
Languages : en
Pages : 263
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Book Description
Network industries such as electricity, gas, rail, local public transport, telecommunications and postal services are recognised by the EU as crucial for fostering European social and territorial cohesion. Providing an overview of key policy reforms in these industries and an empirical evaluation, this thought-provoking book offers a critical perspective on the functioning of the networks that provide vital services to EU citizens.
Author: Massimo Florio
Publisher: Edward Elgar Publishing
ISBN: 1786439034
Category : Business & Economics
Languages : en
Pages : 263
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Book Description
Network industries such as electricity, gas, rail, local public transport, telecommunications and postal services are recognised by the EU as crucial for fostering European social and territorial cohesion. Providing an overview of key policy reforms in these industries and an empirical evaluation, this thought-provoking book offers a critical perspective on the functioning of the networks that provide vital services to EU citizens.
Author: Massimo Florio
Publisher: OUP Oxford
ISBN: 019166250X
Category : Business & Economics
Languages : en
Pages : 431
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Book Description
A dramatic change of ownership, regulation, and organisation of essential public services, such as electricity, gas, and telecommunications, has taken place in Europe in less than 20 years. This was not the outcome of spontaneous adaptation, but an entirely top-down policy experiment, mainly conceived in London during Mrs Thatcher's years, then pursued in Brussels - the 'capital' of the European Union - and imposed on more or less reluctant players by laws, directives, regulations, and administrative and judicial decisions. The European reform paradigm revolves around three pillars: privatisation, unbundling, and regulated liberalisation of network industries. These industries, despite the reforms, are still special, as they include core natural monopoly components (the electricity grid, the gas pipelines, the telephony networks, etc.), are often based on complex system integration of different segments (for example of electricity generation, transmission, distribution and retail supply), and offer services that have critical social and economic importance, from heating to internet. This book offers a careful scrutiny of energy and telephony reforms and prices paid by households in 15 countries across Western Europe. It attempts to answer such questions as: Are the consumers in Europe happier than they were before the reforms? Do they pay less? Do they get a better quality for the services? Network Industries and Social Welfare provides an overview of the main facts, the conceptual issues, and of the empirical evidence on pricing, perceptions of quality of service, and the issues of utility poverty and social affordability. It suggests that the benefits of the reforms for the consumers have often been limited and that governments should reconsider their overconfidence in regulated market mechanisms in network industries.
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: Sam Peltzman
Publisher: Brookings Institution Press
ISBN:
Category : Business & Economics
Languages : en
Pages : 222
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Book Description
Contains four papers which discuss deregulation of specific service industries and question the progress of and obstacles to regulatory reform.
Author: Nancy L. Rose
Publisher: University of Chicago Press
ISBN: 022613816X
Category : Business & Economics
Languages : en
Pages : 619
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Book Description
The past thirty years have witnessed a transformation of government economic intervention in broad segments of industry throughout the world. Many industries historically subject to economic price and entry controls have been largely deregulated, including natural gas, trucking, airlines, and commercial banking. However, recent concerns about market power in restructured electricity markets, airline industry instability amid chronic financial stress, and the challenges created by the repeal of the Glass-Steagall Act, which allowed commercial banks to participate in investment banking, have led to calls for renewed market intervention. Economic Regulation and Its Reform collects research by a group of distinguished scholars who explore these and other issues surrounding government economic intervention. Determining the consequences of such intervention requires a careful assessment of the costs and benefits of imperfect regulation. Moreover, government interventions may take a variety of forms, from relatively nonintrusive performance-based regulations to more aggressive antitrust and competition policies and barriers to entry. This volume introduces the key issues surrounding economic regulation, provides an assessment of the economic effects of regulatory reforms over the past three decades, and examines how these insights bear on some of today’s most significant concerns in regulatory policy.
Author: Federico Basañes
Publisher: IDB
ISBN: 9781931003018
Category : Business & Economics
Languages : en
Pages : 380
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Book Description
Editor's description : "During the past two decades, Latin American countries have made pioneering efforts in reforming infrastructure services. The "first generation of reforms" encompassed widespread privatization, deregulation and restructuring of the provision of energy, water, transport and telecommunications services. Second-Generation Reforms in Infrastructure Services evaluates the current challenges, leading to the consolidation of the initial reforms. This volume deals with post-privatization dispute settlement mechanisms, access arrangements in network industries, and inroads to effective competition in the reformed industries. The authors evaluate a set of contractual adjustments resulting from renegotiations and disputes that have taken place since the beginning of the reform process. In an effort to promote competition in the provision of public services, the authors suggest some practical rules for pricing access in network industries. The book presents a dynamic, global vision of second-generation reforms underway in energy markets around the world. - See more at: https://publications.iadb.org/handle/11319/310#sthash.M23WTIKV.dpuf"
Author: Marica Frangakis
Publisher: Palgrave MacMillan
ISBN:
Category : Business & Economics
Languages : en
Pages : 296
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Book Description
This book presents a comprehensive overview and critical analysis of the processes of liberalization and privatization, and their consequences for economic performance, social cohesion and political democracy in the European Union. It examines the main drivers and the various theoretical rationales for privatisation in the context of different schools of thinking. It argues on the basis of broad empirical evidence that privatisation in Europe, particularly the ongoing privatization of social services, undermines the basic elements of the different social models that have developed in Europe. These arguments are supported by a number of in-depth case studies, with specific focus on health care, education and finance. The authors of this volume advance from this critique and explore the basic requirements for a progressive public sector and its role for economic, social and democratic development. This book will be indispensable reading for all interested in Economic Policy, Public Sector Economics, European Integration and Political Science.
Author: Jean-Jacques Laffont
Publisher: MIT Press
ISBN: 9780262621502
Category : Business & Economics
Languages : en
Pages : 340
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Book Description
The authors analyze regulatory reform and the emergence of competitionin network industries using the state-of-the-art theoretical tools ofindustrial organization, political economy, and the economics ofincentives.
Author: Loren Brandt
Publisher: Cambridge University Press
ISBN: 1108480993
Category : Business & Economics
Languages : en
Pages : 529
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Book Description
Openness and competition sparked major advances in Chinese industry. Recent policy reversals emphasizing indigenous innovation seem likely to disappoint.
Author: Ioannis Nicolaos Kessides
Publisher: World Bank Publications
ISBN:
Category : Business & Economics
Languages : en
Pages : 328
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Book Description
Electricity, natural gas, telecommunications, railways, and water supply, are often vertically and horizontally integrated state monopolies. This results in weak services, especially in developing and transition economies, and for poor people. Common problems include low productivity, high costs, bad quality, insufficient revenue, and investment shortfalls. Many countries over the past two decades have restructured, privatized and regulated their infrastructure. This report identifies the challenges involved in this massive policy redirection. It also assesses the outcomes of these changes, as well as their distributional consequences for poor households and other disadvantaged groups. It recommends directions for future reforms and research to improve infrastructure performance, identifying pricing policies that strike a balance between economic efficiency and social equity, suggesting rules governing access to bottleneck infrastructure facilities, and proposing ways to increase poor people's access to these crucial services.
