Starting from an industry where production is provided by a public monopolist, we look at the effects on the consumers' surplus of a sequence of reforms in network industry. Using a simple comparative statics framework, we find indifference conditions in consumers' surplus between respectively public monopoly, unregulated private monopoly, regulated private monopoly, vertically disintegrated monopoly, duopoly and liberalized market. The results are determined by the relative size of the x-inefficiencies of the public monopolist, allocative inefficiencies of private monopoly, the cost of unbundling and costs related to establishing a competitive market

A primer on the welfare effects of regulatory reforms in network industries / M. Florio, L. Ceriani. - Milano : Dipartimento di scienze economiche aziendali e statistiche, 2008.

A primer on the welfare effects of regulatory reforms in network industries

M. Florio
Primo
;
2008

Abstract

Starting from an industry where production is provided by a public monopolist, we look at the effects on the consumers' surplus of a sequence of reforms in network industry. Using a simple comparative statics framework, we find indifference conditions in consumers' surplus between respectively public monopoly, unregulated private monopoly, regulated private monopoly, vertically disintegrated monopoly, duopoly and liberalized market. The results are determined by the relative size of the x-inefficiencies of the public monopolist, allocative inefficiencies of private monopoly, the cost of unbundling and costs related to establishing a competitive market
2008
Privatization ; Unbundling ; Liberalization ; Network industries
Settore SECS-P/03 - Scienza delle Finanze
http://www.economia.unimi.it/uploads/wp/Deas2008_23wp.pdf
Working Paper
A primer on the welfare effects of regulatory reforms in network industries / M. Florio, L. Ceriani. - Milano : Dipartimento di scienze economiche aziendali e statistiche, 2008.
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Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/2434/49878
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