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In this article we chart the development of competition and deregulation of the British retail energy markets, explaining the evolution of competitive constraints when consumers are introduced to supplier choice for the first time. In the context of rising real energy prices for consumers, and...
Persistent link: https://www.econbiz.de/10014052667
. First, sector-specific regulation can be used to address market failures, such as, for instance, the presence of bottlenecks … of this paper will be on ex ante regulation. There is indeed considerable debate regarding the regulatory framework …-handed approach to regulation. Pursuant to this view, the forthcoming postal directive should only provide for minimal regulatory …
Persistent link: https://www.econbiz.de/10014057544
outcomes in deregulated markets. These market failures could be the result of bad regulation, bad competition law enforcement …
Persistent link: https://www.econbiz.de/10014058186
. Typically, new services are not subject to specific regulation, owing to the risk that this would discourage investment and … intervention to date, an equally valid response is to question the effectiveness of existing regulation. Both new entrants and … benefits for customers and reducing the need for regulation; to assess the impact of public policy on incentives to invest in …
Persistent link: https://www.econbiz.de/10014074756
shows that these problems do not automatically imply that sector specific regulation is warranted. The same hold for the … question of regulated mobile number portability. Instead, an ex post introduction of sector specific regulation can be regarded … specific regulation of mobile telephone markets. The social welfare loss that would arise from such regulations are estimated …
Persistent link: https://www.econbiz.de/10014074957
services, and rail and air transport. Competition policy is discussed with respect to: the relation between regulation and …
Persistent link: https://www.econbiz.de/10014075500
managing markets and the limitations on and problems with self-organisation in regulation. Competition is a spontaneous process … and is in the domain of human action, while "regulation" is a product of human design and contains instruments and … engineering competition, "engineering regulation", with a clear and intentional focus on devising an appropriate framework …
Persistent link: https://www.econbiz.de/10014029918
surplus from foreign to domestic consumers via intensified network competition. The model can ex- plain the regulation of …
Persistent link: https://www.econbiz.de/10014037614
best weak in this industry. This paper tests the hypothesis that regulation of manufacturer prices and of retail pharmacy … markets (US, UK, Canada, Germany) but that regulation undermines generic competition in strict regulatory systems (France …, Italy, Japan). Regulation of retail pharmacy further constrains competition in France, Germany and Italy. Regulation thus …
Persistent link: https://www.econbiz.de/10014038394
Although the allocative efficiency benefits of competition are a tenet of microeconomic theory, the relation between competition and technical efficiency is less well understood. Neoclassical models of profit-maximization subsume static cost-minimizing behavior regardless of market...
Persistent link: https://www.econbiz.de/10014028681