Letter markets are still highly regulated in most countries. Some countries, such as those of the European Union, plan to liberalize letter markets within this decade. Competition will provide many new challenges and opportunities for established and new players. In this paper we analyze...

Letter markets are still highly regulated in many countries. The European Commission, however, plans to liberalize letter markets in all member states within this decade. We describe the economic characteristics of letter markets, identify four likely regulatory scenarios, and analyze business...