WELFARE-IMPROVING PRIVATIZATION POLICY IN THE TELECOMMUNICATIONS INDUSTRY

This article considers the vertical structure of the telecommunications industry and examines the welfare effects of privatization on the public enterprise, where the public enterprise supplies the essential network service of the upstream market and competes against private, independent firms in a...

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Veröffentlicht in:	Contemporary economic policy 2006-04, Vol.24 (2), p.237-248
1. Verfasser:	LEE, SANG-HO
Format:	Artikel
Sprache:	eng
Schlagworte:	Analysis Communications industry Competition Economic aspects Economic policy Effects Government regulation Laws, regulations and rules Market structure Market theory Monopolies Privatization Privatization (Business) Public enterprise Service industry Studies Telecommunications industry Telecommunications services industry Vertical integration Welfare
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Beschreibung
Zusammenfassung:	This article considers the vertical structure of the telecommunications industry and examines the welfare effects of privatization on the public enterprise, where the public enterprise supplies the essential network service of the upstream market and competes against private, independent firms in a mixed downstream market. It is shown that the cost advantage of the independent rivals improves welfare postprivatization. Several relevant and current policy issues on the process of privatization in the telecommunications industry are also discussed. (JEL L50, D42)
ISSN:	1074-3529 1465-7287
DOI:	10.1093/cep/byj009