Restructuring Industries: The Carrot and the Stick

Restructuring brings market incentives into formerly monopolized network industries and raises a host of questions about whether the carrot of profit seeking can be disciplined by the stick of competition. In the telephone industry access pricing is an issue, and major problems are illustrated. In the electricity industry other problems are described and possible solutions are briefly sketched.

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Year of publication:	2003
Authors:	Sherman, Roger
Published in:	Review of Network Economics. - Vol. 2.2003, 4, p. 376-403
Subject:	incentive regulation \| access pricing \| telecommunications \| electricity

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Extent:	application/pdf
Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005685454