Data di Pubblicazione:
2011
Citazione:
Consumer’s surplus and the reform of network industries : a primer / M. Florio, L. Ceriani. - In: JOURNAL OF ECONOMICS. - ISSN 0931-8658. - 102:2(2011), pp. 111-122. [10.1007/s00712-010-0172-x]
Abstract:
Starting from an industry where production is provided by a public
monopolist, we observe the effects of a sequence of reforms within the network industry
on consumer surplus. Using a simple comparative statics framework, we find
the indifference conditions for the consumer surplus under the following regimes:
a public monopoly, an unregulated private monopoly, a regulated private monopoly,
a vertically disintegrated monopoly, a duopoly and a liberalized market. The results
are determined by the relative size of the x-inefficiencies of the public monopolist,
allocative inefficiencies of the private monopoly, the cost of unbundling and the costs related to establishing a competitive market
Tipologia IRIS:
01 - Articolo su periodico
Keywords:
Liberalization; Network industries; Privatization; Unbundling
Elenco autori:
M. Florio, L. Ceriani
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