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EnglishStarting 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.
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| Titolo: | Consumer Surplus and the Reform of Network Industries: a Primer | |
| Data di pubblicazione: | 2011 | |
| Autori: | ||
| Autori: | Ceriani, Lidia; Massimo, Florio | |
| Rivista: | JOURNAL OF ECONOMICS | |
| 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. | |
| Digital Object Identifier (DOI): | http://dx.doi.org/10.1007/s00712-010-0172-x | |
| Appare nelle tipologie: | 01 - Article in academic journal / Articolo su rivista scientifica |
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