The Promise and Pitfalls of Restructuring Network Industries
This paper examines the competitive effects of reorganizing a network industry’s vertical structure. In this industry, an upstream monopolist operates a network used as an input to produce horizontally differentiated final products that are imperfect substitutes. Three potential pitfalls of restruct...
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| Veröffentlicht in: | German economic review (Oxford) 2005-05, Vol.6 (2), p.205-228 |
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| creator | Buehler, Stefan |
| description | This paper examines the competitive effects of reorganizing a network industry’s vertical structure. In this industry, an upstream monopolist operates a network used as an input to produce horizontally differentiated final products that are imperfect substitutes. Three potential pitfalls of restructuring integrated network industries are analyzed: (i) double marginalization, (ii) underinvestment and (iii) vertical foreclosure. The paper studies the net effect of restructuring on retail prices and cost-reducing investment and discusses policy implications. |
| doi_str_mv | 10.1111/j.1465-6485.2005.00127.x |
| format | Article |
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| identifier | ISSN: 1465-6485 |
| ispartof | German economic review (Oxford), 2005-05, Vol.6 (2), p.205-228 |
| issn | 1465-6485 1468-0475 |
| language | eng |
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| source | Wiley Online Library Journals Frontfile Complete; De Gruyter journals |
| subjects | Access pricing D43 Deregulation double marginalization Economic theory Effects Electricity Energy industry Impact analysis Industrial economics investment L43 Market structure Prices Product differentiation Railways Regulatory policy Studies Telecommunications industry vertical foreclosure |
| title | The Promise and Pitfalls of Restructuring Network Industries |
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