U.S Public Policy Toward Network Industries
AbstractIndustries that have important network features have long been a concern of public policy in the United States. Network industries often embody two major and widely recognized form of potential market failure: significant economies of scale (with the potential of monopoly) and externalities. The policy concerns, however, have often yielded misguided public policy -- innefficient and anticompetitive regulation and government ownership of network industries. The economic deregulation in the late 1970s and early 1980s of a number of network industries -- air and surface transportation, natural gas pipelines, and telecommunications-- was a welcome reversal of policy, but much more remains to be done.
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Bibliographic InfoPaper provided by New York University, Leonard N. Stern School of Business, Department of Economics in its series Working Papers with number 96-06.
Length: 47 pages
Date of creation: 1996
Date of revision:
Contact details of provider:
Postal: New York University, Leonard N. Stern School of Business, Department of Economics, 44 West 4th Street, New York, NY 10012-1126
Phone: (212) 998-0860
Fax: (212) 995-4218
Web page: http://w4.stern.nyu.edu/economics/
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PUBLIC POLICY; REGULATION; NETWORKS;
Other versions of this item:
- K20 - Law and Economics - - Regulation and Business Law - - - General
- L51 - Industrial Organization - - Regulation and Industrial Policy - - - Economics of Regulation
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