Regulation, Competition, and Liberalization

Regulation, Competition, and Liberalization

In many countries throughout the world, regulators are struggling to determine whether and how to introduce competition into regulated industries. This essay examines the complexities involved in the liberalization process. While stressing the importance of case-specific analyses, this essay disting...

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Veröffentlicht in:Journal of economic literature 2006-06, Vol.44 (2), p.325-366
Hauptverfasser: Armstrong, Mark, Sappington, David E. M.
Format: Artikel
Sprache:eng
Schlagworte:
Cost efficiency
Economic competition
Economic regulation
Incumbents
Industrial policy
Industrial regulation
Liberalization
Marginal costs
Monopoly
Price regulation
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Zusammenfassung:In many countries throughout the world, regulators are struggling to determine whether and how to introduce competition into regulated industries. This essay examines the complexities involved in the liberalization process. While stressing the importance of case-specific analyses, this essay distinguishes liberalization policies that generally are procompetitive from corresponding anticompetitive liberalization policies.
ISSN:0022-0515
2328-8175
DOI:10.1257/jel.44.2.325