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The Assessment: European Networks--Competition, Interconnection, and Regulation

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  • Dieter Helm

Abstract

Recent events, such as the California energy crisis, the failures of the UK's railways, and the consequences of the third-generation (3G) mobile licence auctions, have called into question the European reliance on a strategy of network industry liberalization. Substantial concentration in energy and telecoms markets has also raised the issue of the consistency of competition policy with the creation of internal energy and communications markets. The paper considers the multiple market failures in these industries, and the problems raised by a series of national policy approaches which fail fully to reflect the economies of scale and scope and the European-level public goods. Security of supply in energy, the roll-out of broadband, and the gains for an overarching approach to climate change require a more European focus. This in turn will require institutional reform at the European level. Failure to address this Europe-wide agenda will leave Europe behind the USA. Copyright 2001, Oxford University Press.

Suggested Citation

  • Dieter Helm, 2001. "The Assessment: European Networks--Competition, Interconnection, and Regulation," Oxford Review of Economic Policy, Oxford University Press and Oxford Review of Economic Policy Limited, vol. 17(3), pages 297-312.
    • Handle: RePEc:oup:oxford:v:17:y:2001:i:3:p:297-312
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    Cited by:

    1. Haar, Laura N. & Haar, Lawrence, 2006. "Policy-making under uncertainty: Commentary upon the European Union Emissions Trading Scheme," Energy Policy, Elsevier, vol. 34(17), pages 2615-2629, November.
    2. Graziella Marzi, 2003. "Luci ed ombre: concorrenza e regolazione nel settore elettrico. Gli orientamenti europei e nazionali," Working Papers 69, University of Milano-Bicocca, Department of Economics, revised Dec 2003.
    3. von Hirschhausen, Christian & Beckers, Thorsten & Brenck, Andreas, 2004. "Infrastructure regulation and investment for the long-term--an introduction," Utilities Policy, Elsevier, vol. 12(4), pages 203-210, December.
    4. Johns Adam, 2012. "Contested Contestability: Competition Policy and the Development of Communications Satellite Broadcasting in Japan," Business and Politics, De Gruyter, vol. 14(2), pages 1-21, August.
    5. Ana-Maria Boromisa, 2003. "Energy in the European Union and in Croatia," Chapters in books, in: Katarina Ott (ed.), Croatian Accession to the European Union: Economic and Legal Challenges, volume 1, chapter 8, pages 181-200, Institute of Public Finance.

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