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The New Institutional Economics of Antitrust and Regulation

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  • Frank Bickenbach
  • Lars Kumkar
  • Rüdiger Soltwedel

Abstract

Hybrid governance structures between markets and hierarchies in many industries, e.g., in energy and telecommunications, challenge antitrust and regulation policy. The paper focuses on the theoretical and methodological basis provided by the New Institutional Economics (NIE) for analyzing the economics of complex vertical and horizontal coordination problems. It sketches the specific view of NIE at industrial organization, antitrust and regulation, discusses three current issues — the European policy concerning complex vertical contracts, regulatory reform of the electricity industry and the allocation of regulatory competencies in the EU — and presents some implications of NIE for economic policy making, research and advisory activities.

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Bibliographic Info

Paper provided by Kiel Institute for the World Economy in its series Kiel Working Papers with number 961.

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Length: 65 pages
Date of creation: Dec 1999
Date of revision:
Handle: RePEc:kie:kieliw:961

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Related research

Keywords: New institutional economics; antitrust; regulation; incomplete contracts; regulatory reform; economic models of federalism.;

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References

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Citations

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Cited by:
  1. Kumkar, Lars, 2000. "Zur institutionellen Ausgestaltung der Strommarktregulierung: Brauchen wir eine eigenständige Regulierungsbehörde für den Stromtransport?," Kiel Discussion Papers 371, Kiel Institute for the World Economy (IfW).
  2. Kumkar, Lars, 2002. "The European Electricity Market: Centralization of Regulation or Competition between Regulatory Approaches?," Kiel Discussion Papers 387, Kiel Institute for the World Economy (IfW).
  3. Neugebauer, Andrea, 2002. "Divergierende Fallentscheidungen von Wettbewerbsbehörden: Institutionelle Hintergründe," Arbeitspapiere 26, Westfälsche Wilhelms-Universität Münster (WWU), Institut für Genossenschaftswesen.
  4. von Hirschhausen, Christian R. & Opitz, Petra, 2001. "Power utility re-regulation in East European and CIS transformation countries (1990 - 1999): An institutional interpretation," Discussion Papers 2001/7, Technische Universität Berlin, School of Economics and Management.
  5. Christian von Hirschhausen & Petra Opitz, 2001. "Power Utility Re-regulation in East European and CIS Transformation Countries (1990-1999): An Institutional Interpretation," Discussion Papers of DIW Berlin 246, DIW Berlin, German Institute for Economic Research.
  6. Schmidtchen, Dieter, 2005. "Der "more economic approach" in der Wettbewerbspolitik," CSLE Discussion Paper Series 2005-04, Saarland University, CSLE - Center for the Study of Law and Economics.

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