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Competition Policy for Natural Monopolies in a Developing Market Economy

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  • Janusz Ordover

    (New York University)

  • Russell Pittman

    (U.S. Department of Justice Antitrust Division)

  • Paul Clyde

    (University of Michigan)

Abstract

Not all industries in post-socialist countries are appropriate targets for demonopolization and deregulation: as in the West, some "natural monopoly" sectors will require continued regulation to protect consumers from monopoly abuses. This paper focuses on three aspects of the design of regulatory policy in these countries: the appropriate sectors for regulation, the appropriate treatment of unregulated subsidiaries of regulated firms, and the appropriate regulatory regime for regulated sectors.

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Bibliographic Info

Paper provided by EconWPA in its series Industrial Organization with number 0111004.

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Date of creation: 16 Nov 2001
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Handle: RePEc:wpa:wuwpio:0111004

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Related research

Keywords: infrastructure; natural monopoly; competition; regulation; transition;

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Cited by:
  1. Babu Nahata & Alexei Izyumov & Vladimir Busygin & Anna Mishura, 2003. "An application of Ramsey model in transition economy: a Russian case study," General Economics and Teaching 0307003, EconWPA.
  2. Ram Mudambi & Pietro Navarra & Andrew Delios, 2013. "Government regulation, corruption, and FDI," Asia Pacific Journal of Management, Springer, vol. 30(2), pages 487-511, June.
  3. Robert Feinberg & Mieke Meurs & Kara Reynolds, 2012. "Maintaining New Markets: Explaining Antitrust Enforcement in Central and Eastern Europe," Journal of Industry, Competition and Trade, Springer, vol. 12(2), pages 203-219, June.
  4. Peter Cowhey & Mikhail M. Klimenko, 2000. "Telecommunications reform in developing countries after the WTO agreement on basic telecommunications services," Journal of International Development, John Wiley & Sons, Ltd., vol. 12(2), pages 265-281.
  5. Jean-Jacques Laffont, 2003. "Enforcement, Regulation and Development," Journal of African Economies, Centre for the Study of African Economies (CSAE), vol. 12(Supplemen), pages 193-211, September.
  6. Eduardo Saavedra, . "Opportunistic Behavior and Legal Disputes in the Chilean Electricity Sector," ILADES-Georgetown University Working Papers inv130, Ilades-Georgetown University, Universidad Alberto Hurtado/School of Economics and Bussines.
  7. Jean-Jacques Laffont, 2004. "Management of Public Utilities in China," Annals of Economics and Finance, Society for AEF, vol. 5(2), pages 185-210, November.
  8. Dutz, Mark A. & Ordover, Janusz A. & Willig, Robert D., 2000. "Entrepreneurship, access policy and economic development: Lessons from industrial organization," European Economic Review, Elsevier, vol. 44(4-6), pages 739-747, May.
  9. Russell Pittman, 2007. "Make or buy on the Russian railway? Coase, Williamson, and Tsar Nicholas II," Economic Change and Restructuring, Springer, vol. 40(3), pages 207-221, September.
  10. Cowhey, Peter & Klimenko, Mikhail M., 2001. "The WTO agreement and telecommunications policy reform," Policy Research Working Paper Series 2601, The World Bank.

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