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make the regulation of consumer prices unnecessary. In this paper, entrants offer (differentiated) 'added value', but … regulation in telecommunications, where marginal costs are lower, demand elasticity higher, and entrants can give more 'added …
Persistent link: https://www.econbiz.de/10005136643
Starting in 1998, the electricity market in England and Wales will be opened up to full competition, and all consumers will be allowed to choose their electricity supplier. This promises to result in lower prices, but there will be additional transactions costs exceeding £100 million a year for...
Persistent link: https://www.econbiz.de/10005662134