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Regulation, Competition and Liberalization

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  • Mark Armstrong

    (University College London)

  • David Sappington

    (University of Florida)

Abstract

In many countries throughout the world, regulators are struggling to determine whether and how to introduce competition into regulated industries. This essay examines the complexities involved in the liberalization process. While stressing the importance of case-specific analyses, this essay distinguishes liberalization policies that generally are pro-competitive from corresponding anti-competitive liberalization policies

Suggested Citation

  • Mark Armstrong & David Sappington, 2005. "Regulation, Competition and Liberalization," Industrial Organization 0505011, University Library of Munich, Germany, revised 07 Oct 2005.
    • Handle: RePEc:wpa:wuwpio:0505011
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    18. Committee, Nobel Prize, 2014. "Market power and regulation (scientific background)," Nobel Prize in Economics documents 2014-2, Nobel Prize Committee.
    19. Dominik Schober, 2013. "Refinancing under Yardstick Regulation with Investment Cycles–The Case of Long-Lived Electricity Network Assets," EWL Working Papers 1321, University of Duisburg-Essen, Chair for Management Science and Energy Economics, revised Jun 2013.
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    More about this item

    Keywords

    Competition; Regulation; Liberalization;
    All these keywords.

    JEL classification:

    • L - Industrial Organization

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