Ugur, Mehmet (2009): Liberalisation in a world of second best: evidence on European network industries.
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This article reports mixed results about the impacts of liberalisation in European network industries. Telecommunications prices have fallen and converged across EU-15, but electricity and gas prices have either increased or diverged. Productivity has increased, but mainly as a result of falling employment in absolute and relative terms. Liberalised industries are still characterised by high levels of market concentration and low levels of transparency and market integration. These findings are in line with the predictions of the theory of second best and suggest that the case for liberalisation of network industries has been oversold.
|Item Type:||MPRA Paper|
|Original Title:||Liberalisation in a world of second best: evidence on European network industries|
|Keywords:||Liberalisation, network industries, second-best, public policy, European Union|
|Subjects:||D - Microeconomics > D0 - General > D02 - Institutions: Design, Formation, Operations, and Impact
D - Microeconomics > D7 - Analysis of Collective Decision-Making > D78 - Positive Analysis of Policy Formulation and Implementation
D - Microeconomics > D2 - Production and Organizations > D24 - Production ; Cost ; Capital ; Capital, Total Factor, and Multifactor Productivity ; Capacity
D - Microeconomics > D4 - Market Structure, Pricing, and Design
|Depositing User:||Mehmet Ugur|
|Date Deposited:||01. Nov 2009 14:22|
|Last Modified:||13. Feb 2013 19:29|
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