L'approche néo-institutionnelle de la réforme des industries de réseaux

In Welfare Economics natural monopoly and price theory have been given as the relevant framework for analyzing network industries. New Institutional Economics and the experiment in reforming these industries suggest that contracting for being served is the critical point. Contractual difficulties come notably from the use of various specific assets and from network externalities and explain the empirical diversity of network industries reforms. Classification JEL : D23, H23, K23, L5, L9