agendas of state ownership and heavy regulation of key industries, began to institute a series of reforms in the 1980s and … 1990s, designed to promote competition and business creation. However, without the legal and institutional framework to …

Speech about Telecommunications Reform in México and their industrial policy elements which lie up in income transfers … to the the incumbent reaching confiscatory measures. The reform is guided to service based competition rather than … facilities based. Mexico is about to test a regulatory policy failure when the investment by both, incumbent and entrants, is …

What is a good balance between competition and coordination in network industries? Network unbundling aims to promote … competition, but this has to be balanced against the downside of unbundling: firm-internal coordination falls away and must be … coordination. This paper examines three persistent sources of flawed coordination: 1) a regulation versus unbundling dilemma, 2 …

Regulation and competition policy are two alternative modalities by which the state intervenes in the market. In order … varieties of market failures and identify those for which regulation is best address (cooperation failures such as The Fishing … those where competition policy works better (market power-based failures such as an artificial monopoly or cartel). We also …

informational problems. We show that, as a consequence of this trade-off, more intense competition in unregulated segments of the … can lead to a softer merger policy when competition is weaker. …