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The Regulation of Transborder Network Services

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  • Per Agrell

    (Crest)

  • Jerôme Pouyet

    (Crest)

Abstract

Integration and reinforcement of network infrastructure for transport, energy and water is akey component in the European policy framework for market competitiveness. However, inspite of considerable analysis and community co-funding since 1995, actual implementationprogress for the 90 priority projects in the Transeuropean Energy Networks programme hasbeen meager. The estimated network investment need of 40,000 M euro (2003-2013) ischallenging the current heterogenous institutional mix of European network operators,regulators and the role of the commission. This paper presents an analytic framework for thenetwork investment problem under decentralized control in both regulation, infrastructureownership and management. Our results on the underinvestment problem from regulatorycompetition and non-coordination provide insights into the policy relevant topic of commoninfrastructure investment under varying budget balancing constraints and managementobjectives. From an economic policy viewpoint, the paper is tangential to the more generaldiscussion on regulatory centralization vs. subsidiarity in the European Union.

Suggested Citation

  • Per Agrell & Jerôme Pouyet, 2004. "The Regulation of Transborder Network Services," Working Papers 2004-38, Center for Research in Economics and Statistics.
  • Handle: RePEc:crs:wpaper:2004-38
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    References listed on IDEAS

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    1. Bassanini, Anna & Pouyet, Jerome, 2005. "Strategic choice of financing systems in regulated and interconnected industries," Journal of Public Economics, Elsevier, vol. 89(2-3), pages 233-259, February.
    2. Ken Hendricks & Michele Piccione & Guofu Tan, 1997. "Entry and Exit in Hub-Spoke Networks," RAND Journal of Economics, The RAND Corporation, vol. 28(2), pages 291-303, Summer.
    3. Dixit, Avinash K, 1986. "Comparative Statics for Oligopoly," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 27(1), pages 107-122, February.
    4. Armstrong, Mark, 2001. "The theory of access pricing and interconnection," MPRA Paper 15608, University Library of Munich, Germany.
    5. Ming Chang, 1996. "Ramsey pricing in a hierarchical structure with an application to network-access pricing," Journal of Economics, Springer, vol. 64(3), pages 281-314, October.
    Full references (including those not matched with items on IDEAS)

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    Cited by:

    1. Friebel, Guido & Ivaldi, Marc & Pouyet, Jérôme, 2011. "Competition and Industry Structure for International Rail Transportation," IDEI Working Papers 680, Institut d'Économie Industrielle (IDEI), Toulouse, revised 07 Jun 2012.
    2. Friebel, Guido & Ivaldi, Marc & Pouyet, Jérôme, 2011. "Separation versus Integration in International Rail Markets: A Theoretical Investigation," TSE Working Papers 11-248, Toulouse School of Economics (TSE), revised Mar 2013.

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