Three Essays On The Economics And Regulation Of Network Industries
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Three Essays On The Economics Of Regulation In Network Industries
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Author : Jae Sung Kang
language : en
Publisher:
Release Date : 2001
Three Essays On The Economics Of Regulation In Network Industries written by Jae Sung Kang and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2001 with categories.
Three Essays On The Economics And Regulation Of Network Industries
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Author : Steve Poletti
language : en
Publisher:
Release Date : 2007
Three Essays On The Economics And Regulation Of Network Industries written by Steve Poletti and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007 with Public utilities categories.
Competition And Regulation In Network Industries
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Author : Jean-Marc Zogheib
language : en
Publisher:
Release Date : 2021-10-13
Competition And Regulation In Network Industries written by Jean-Marc Zogheib and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-10-13 with categories.
While particularly dynamic and innovative, the digital and telecommunication industries are found to have a great tendency towards concentration, resulting in strong market power and raising concerns from competition and regulatory authorities. In this study focusing on such network industries, Jean-Marc Zogheib explores the interplay between public policy and firms' strategies by combining various tools of theoretical economic analysis adopted from industrial economics, network economics, and platform economics. Mr. Zogheib's thesis consists of three distinct essays: the first chapter examines how merger policy affects firms' entry strategies, the second chapter shifts the focus to public intervention by considering how the coexistence of private and public players affects competition and investment, while the third chapter investigates the role of privacy in competition between digital platforms and the importance of consumer data in the competitive analysis of mergers. This book clearly illustrates how economics can contribute essential building blocks to the construction of competitive reasoning and how the integration of competition law into economic models extended their collective utility. An important read for lawyers and economists alike. The book was awarded the inaugural Concurrences PhD Award in Economics.
Three Essays On Regulatory Economics
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Author : Muharrem Burak Onemli
language : en
Publisher:
Release Date : 2010
Three Essays On Regulatory Economics written by Muharrem Burak Onemli and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010 with categories.
Mandatory network unbundling is one of the foremost topics in regulatory economics today. The concept has crucial importance in the deregulation of many previously regulated industries including telecommunications, gas, electricity and railroads. Moreover, the topic has emerged as one of the more prominent issues associated with the implementation of the 1996 Telecommunication Act in the United States. Upon initial examination, establishing the correct costing standards and/or determining the correct input prices would seem important for sending the correct price signals to the entrants for their efficient make-or-buy decisions. Sappington (AER, 2005) uses a standard Hotelling location model to show that input prices are irrelevant for an entrant's make or buy decision. In this first essay, we show that this result is closely related to the degree of product differentiation when firms are engaged in price competition. Specifically, it is shown that input prices are irrelevant when firms produce homogeneous products, but are relevant for make-or-buy decisions when the entrant and incumbent produce differentiated products. These results suggest that, in general, it is important for regulators to set correct prices in order to not distort the entrants' efficient make-or-buy decisions. The second essay investigates optimal access charges when the downstream markets are imperfectly competitive. Optimal access charges have been examined in the literature mainly under the condition where only the incumbent has market power. However, network industries tend to exhibit an oligopolistic market structure. Therefore, the optimal access charge under imperfect competition is an important consideration when regulators determine access charges. This essay investigates some general principles for setting optimal access charges when downstream markets are imperfectly competitive. One of the primary objectives of this essay is to show the importance of the break-even constraint when first-best access charges are not feasible. Specifically, we show that when the first-best access charges are not feasible, the imposition of the break-even constraint on only the upstream profit of the incumbent is superior to the case where break-even constraint applies to overall incumbent profit, where the latter is the most commonly used constraint in the access pricing literature. Bypass and its implications for optimal access charges and welfare are also explored. The third essay is empirical in nature and investigates two primary issues, both relating to unbundled network element (UNE) prices. First, as Crandall, Ingraham, and Singer (2004) suggested, we will empirically test the stepping stone hypothesis using a state-level data set that spans multiple years. To do this, we will explore the effect of UNE prices on facilities-based entry. Second, in light of those findings, we will investigate whether the form of regulation (e.g. price cap and rate of return regulation) endogenously affects the regulator's behavior with respect to competitive entry. Lehman and Weisman (2000) found evidence that regulators in price cap jurisdictions tend to set more liberal terms of entry in comparison with regulators in rate-of-return jurisdictions. This paper investigates whether their result is robust to various changes in modeling, including specification and econometric techniques.
Three Essays On Price Regulation In Network Industries
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Author : Florian Böckling
language : en
Publisher:
Release Date : 2019
Three Essays On Price Regulation In Network Industries written by Florian Böckling and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019 with categories.
The Economics And Regulation Of Network Industries
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Author : Ingo Vogelsang
language : en
Publisher: Cambridge University Press
Release Date : 2021-11-04
The Economics And Regulation Of Network Industries written by Ingo Vogelsang and has been published by Cambridge University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-11-04 with Political Science categories.
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.
Regulation And Its Effects On Competition And Investment In Network Industries
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Author : Christian M. Bender
language : en
Publisher:
Release Date : 2011
Regulation And Its Effects On Competition And Investment In Network Industries written by Christian M. Bender and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011 with categories.
Three Essays In Network Economics
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Author : Aaron F. Schiff
language : en
Publisher:
Release Date : 2005
Three Essays In Network Economics written by Aaron F. Schiff and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2005 with Business ethics categories.
Empirical Essays In The Economics Of Regulation
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Author : Hamilton Caputo Delfino Silva
language : en
Publisher:
Release Date : 2007
Empirical Essays In The Economics Of Regulation written by Hamilton Caputo Delfino Silva and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007 with categories.
ABSTRACT: Reform processes undertaken on network industries have encompassed unbundling, privatization, introduction of market-oriented regimes for their competitive segments, and implementation of a new regulatory framework for the remaining segments with natural monopoly characteristics. The new regulatory framework has involved the creation of independent regulatory bodies and the incorporation of theoretical advances from the economics literature on incentive regulation, under the ultimate objective of providing the conditions and incentives for efficiency improvement and for the possible achievement of second best prices. This dissertation adds to the literature on the impacts of the restructuring measures implemented and contains three empirical essays on the reforms accomplished in the Brazilian electricity sector.
Three Essays On Latin American Telecommunications Reform
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Author : Luis H. Gutiérrez R.
language : en
Publisher:
Release Date : 2000
Three Essays On Latin American Telecommunications Reform written by Luis H. Gutiérrez R. and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2000 with Telecommunication categories.