The Assessment: European Networks--Competition, Interconnection, and Regulation
AbstractRecent events, such as the California energy crisis, the failures of the UK's railways, and the consequences of the third-generation (3G) mobile licence auctions, have called into question the European reliance on a strategy of network industry liberalization. Substantial concentration in energy and telecoms markets has also raised the issue of the consistency of competition policy with the creation of internal energy and communications markets. The paper considers the multiple market failures in these industries, and the problems raised by a series of national policy approaches which fail fully to reflect the economies of scale and scope and the European-level public goods. Security of supply in energy, the roll-out of broadband, and the gains for an overarching approach to climate change require a more European focus. This in turn will require institutional reform at the European level. Failure to address this Europe-wide agenda will leave Europe behind the USA. Copyright 2001, Oxford University Press.
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Bibliographic InfoArticle provided by Oxford University Press in its journal Oxford Review of Economic Policy.
Volume (Year): 17 (2001)
Issue (Month): 3 ()
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- Graziella Marzi, 2003. "Luci ed ombre: concorrenza e regolazione nel settore elettrico. Gli orientamenti europei e nazionali," Working Papers 69, University of Milano-Bicocca, Department of Economics, revised Dec 2003.
- Haar, Laura N. & Haar, Lawrence, 2006. "Policy-making under uncertainty: Commentary upon the European Union Emissions Trading Scheme," Energy Policy, Elsevier, vol. 34(17), pages 2615-2629, November.
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