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Competition Policy for Natural Monopolies in a Developing Market Economy

Author

Listed:
  • 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.

Suggested Citation

  • Janusz Ordover & Russell Pittman & Paul Clyde, 2001. "Competition Policy for Natural Monopolies in a Developing Market Economy," Industrial Organization 0111004, EconWPA.
  • Handle: RePEc:wpa:wuwpio:0111004
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    References listed on IDEAS

    as
    1. Newbery, D.M., 1992. "The Role of Public Enterprises in the National Economy," Cambridge Working Papers in Economics 9209, Faculty of Economics, University of Cambridge.
    2. Gray, C.W., 1993. "Evolving Legal Frameworks for Private Sector Development in Central and Eastern Europe," World Bank - Discussion Papers 209, World Bank.
    3. John Vickers & George Yarrow, 1988. "Privatization: An Economic Analysis," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262720116, January.
    4. Bradburd, Ralph, 1992. "Privatization of natural monopoly public enterprises : the regulation issue," Policy Research Working Paper Series 864, The World Bank.
    5. Tenenbaum, Bernard & Lock, Reinier & Barker, Jim, 1992. "Electricity privatization structural, competitive and regulatory options," Energy Policy, Elsevier, vol. 20(12), pages 1134-1160, December.
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    Cited by:

    1. Eduardo Saavedra, "undated". "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.
    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. 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.
    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. 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.
    6. 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.
    7. 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.
    8. Peter Cowhey & Mikhail M. Klimenko, 2004. "The New International Trade Regime in Telecommunication Services and Network Modernization in Transition Economies," Emerging Markets Finance and Trade, Taylor & Francis Journals, vol. 40(1), pages 0, January.
    9. 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.
    10. Peter Cowhey & Mikhail M. Klimenko, 2004. "The New International Trade Regime in Telecommunication Services and Network Modernization in Transition Economies," Emerging Markets Finance and Trade, Taylor & Francis Journals, vol. 40(1), pages 0, January.
    11. Cowhey, Peter & Klimenko, Mikhail M., 2001. "The WTO agreement and telecommunications policy reform," Policy Research Working Paper Series 2601, The World Bank.
    12. 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.

    More about this item

    Keywords

    infrastructure; natural monopoly; competition; regulation; transition;

    JEL classification:

    • L51 - Industrial Organization - - Regulation and Industrial Policy - - - Economics of Regulation
    • L92 - Industrial Organization - - Industry Studies: Transportation and Utilities - - - Railroads and Other Surface Transportation

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