The global experience with economic regulation shows that many industries which are subjected to economic regulation are characterised by persistent monopolistic features in at least some of the industry segments. Under such conditions, one or a few firms generally retain a monopolistic or...

How do new business models emerge? Neoinstitltionalists argue that the process often begins when a policy shift undermines the status quo; groups then vie to define the best alternative. The authors explore the role of power in selecting between two alternative business models available to...

How the examples from the liberalization of the UK rail markets and the case law from the ECJ can benefit us to tackle possible inefficiencies, vertical and horizontal restraints, barriers to access and cross-subsidies by States in the implementation of the Railway Packages of the EC, from the...

This review of regulatory reform in Russia covers the overall economic context for regulatory reform, the government’s capacity to manage regulatory reform, competition policy and enforcement, and market openness. The review also examines specifically the regulatory framework in the...

Introduction / Colin Robinson -- 1. Beyond regulation / Stephen Littlechild -- Comment / Colin Robinson -- 2. Ronald coase and the spectrum question / Thomas W. Hazlett -- Comment / Leonard Waverman -- 3. European energy liberalisation : progress and problems / Jorge Vasconcelos -- Comment /...