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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, University Library of Munich, Germany.
    • Handle: RePEc:wpa:wuwpio:0111004
    Note: Type of Document - WordPerfect; prepared on PC
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    Citations

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    Cited by:

    1. 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.
    2. 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.
    3. 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.
    4. Nahata, Babu & Izyumov, Alexei & Busygin, Vladimir & Mishura, Anna, 2007. "Application of Ramsey model in transition economy: A Russian case study," Energy Economics, Elsevier, vol. 29(1), pages 105-125, January.
    5. Cowhey, Peter & Klimenko, Mikhail M., 2001. "The WTO agreement and telecommunications policy reform," Policy Research Working Paper Series 2601, The World Bank.
    6. Eduardo Saavedra, "undated". "Opportunistic Behavior and Legal Disputes in the Chilean Electricity Sector," ILADES-UAH Working Papers inv130, Universidad Alberto Hurtado/School of Economics and Business.

    More about this item

    Keywords

    infrastructure; natural monopoly; competition; regulation; transition;
    All these keywords.

    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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