English, Article, Journal or magazine article edition: A primer on the welfare effects of regulatory reforms in network industries Lidia CERIANI; Massimo FLORIO

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Bookmark: http://trove.nla.gov.au/version/58487
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • A primer on the welfare effects of regulatory reforms in network industries
Author
  • Lidia CERIANI
  • Massimo FLORIO
Physical Description
  • preprint
Notes
  • Starting from an industry where production is provided by a public monopolist, we look at the effects on the consumers' surplus of a sequence of reforms in network industry. Using a simple comparative statics framework, we find indifference conditions in consumers' surplus between respectively public monopoly, unregulated private monopoly, regulated private monopoly, vertically disintegrated monopoly, duopoly and liberalized market. The results are determined by the relative size of the x-inefficiencies of the public monopolist, allocative inefficiencies of private monopoly, the cost of unbundling and costs related to establishing a competitive market.
  • Privatization, unbundling, liberalization, network industries
  • RePEc:mil:wpdepa:2008-23
Language
  • English
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