Remedies In Network Industries

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Remedies in Network Industries

Author : Damien Geradin
Publisher : Intersentia nv
ISBN 13 : 9050953905
Total Pages : 276 pages
Book Rating : 4.0/5 (59 download)

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Book Synopsis Remedies in Network Industries by : Damien Geradin

Download or read book Remedies in Network Industries written by Damien Geradin and published by Intersentia nv. This book was released on 2004 with total page 276 pages. Available in PDF, EPUB and Kindle. Book excerpt: Over the last decade, the European Union has undertaken major market-opening reforms in the area of network industries. The liberalization process has now been completed in the air transport and electronic communications sectors and has achieved considerable progress in other network industries, such as postal services, energy (electricity and gas), and rail transport. Creating competition in network industries is not an easy matter, however. Because they benefit from certain advantages such as a large initial market share and control of essential facilities, incumbents typically retain substantial market power in a number of relevant markets and may even use their position to prevent others from engineering such markets. Controlling market power is thus one of a number of key concerns in network industries. It can be achieved in two main ways; either through the adoption and implementation of sector-specific rules or through the application of competition rules. There are advantages and disadvantages to both options, but it is a combination of the two that generally prevents incumbents from abusing their market power in liberalized markets. Competition law and sector-specific regulation provide for the application of remedies on incumbents or other operators holding significant market power. Such remedies are either structural or a behavioural. In some occasions they will apply ex ante, while in others ex post. This book comprises a collection of outstanding essays dealing with the complex legal and economic issues raised by remedies in network industries. While some of these essays analyse remedies from a generic point of view, others focus on specific remedies applied specifically in particular sectors. The sectors covered in this volume include electronic communications, postal services, energy (electricity and gas), and air transport. The final paper also presents a discussion of the United States approach to remedies in network industries. The essays comprised in this book have been written by leading academics (lawyers and economists), as well as private practitioners.

Remedies and the Institutional Design of Regulation in Network Industries

Author : J. Gregory Sidak
Publisher :
ISBN 13 :
Total Pages : 17 pages
Book Rating : 4.:/5 (129 download)

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Book Synopsis Remedies and the Institutional Design of Regulation in Network Industries by : J. Gregory Sidak

Download or read book Remedies and the Institutional Design of Regulation in Network Industries written by J. Gregory Sidak and published by . This book was released on 2009 with total page 17 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the United States, the topic of remedies in network industries cuts across antitrust law and sector-specific regulation, including telecommunications. The legal and economic understandings of a quot;remedyquot; are not synonymous in American usage. In law, a remedy is the corrective measure that a court orders following a finding of liability. With the exception of interlocutory relief, such as preliminary injunctions or temporary restraining orders (which might apply to a proposed merger, for example), legal remedies are retrospective in their orientation. They seek to right some past wrong. They may do so through the payment of money (whether that is characterized as the payment of damages, fines, disgorgement, or something else). Or they may seek to do so through a mandated change in market structure, as in the case of divestiture, or in the imposition of affirmative or negative duties, as in the case of quot;behavioralquot; injunctions. United States v. Microsoft Corp. presented the tradeoff between these various remedial alternatives. Industry-specific regulation, such as regulation of the telecommunications industry by the Federal Communications Commission (FCC), is an alternative to reliance on liability rules. Therefore, it is not obvious what a quot;remedyquot; is in a traditional regulated network industry - at least if we are employing the standard American meaning of a legal remedy.In contrast to these legal connotations of a remedy, the economic meaning of a remedy emphasizes market failure. The market failure may result from the unchecked exercise of market power, or from the uncompensated generation of an external cost or benefit, or from an insufficiency of information with which to make efficient choices concerning consumption, production, or investment. Whereas lawyers think of a remedy as what to do after a finding of liability, economists think of a remedy as what to do after a finding of market failure. The two approaches overlap perfectly if legislators and courts make liability rules that are triggered only after a finding of market failure. Of course, if legislators and courts actually did so, the Journal of Law amp; Economics would be a very slim volume that would have ceased publication years ago.

Antitrust Divestiture in Network Industries

Author : Howard A. Shelanski
Publisher :
ISBN 13 :
Total Pages : 93 pages
Book Rating : 4.:/5 (129 download)

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Book Synopsis Antitrust Divestiture in Network Industries by : Howard A. Shelanski

Download or read book Antitrust Divestiture in Network Industries written by Howard A. Shelanski and published by . This book was released on 2014 with total page 93 pages. Available in PDF, EPUB and Kindle. Book excerpt: The landmark Microsoft case raises challenging questions concerning antitrust remedies. In this Article, we propose a framework for assessing the costs and benefits of different remedies, particularly divestiture, in monopolization cases involving network industries. Our approach can assist a court or enforcement agency not only in analyzing the welfare effects of divestiture, but also in choosing more generally among alternative kinds of remedies. The framework would, for example, apply to a court's choice between damages and injunctive remedies or between behavioral injunctions and structural injunctions. After developing our framework, we apply it to the divestiture proposals made by the government and others in the Microsoft case. We argue that those proposals leave open important questions that must be answered before divestiture can be shown to be either the best remedial alternative or to create likely net gains in economic welfare.

Strategic Behaviour in Network Industries

Author : E. F. ten Heuvelhof
Publisher : Edward Elgar Publishing
ISBN 13 : 1848449453
Total Pages : 225 pages
Book Rating : 4.8/5 (484 download)

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Book Synopsis Strategic Behaviour in Network Industries by : E. F. ten Heuvelhof

Download or read book Strategic Behaviour in Network Industries written by E. F. ten Heuvelhof and published by Edward Elgar Publishing. This book was released on 2009-01-01 with total page 225 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book convincingly argues that from a theoretical point of view present day network industries offer opportunities for strategic behaviour and that these opportunities are also actually utilized in practice. The authors show that this behaviour can be harmful to the realization of the expected positive effects of institutional changes such as liberalization and privatization (e.g., innovation and lower prices). The authors make their case in a solid theoretical way illustrated with insightful case studies. This book is a must for academics, managers and policy makers in today s network industries. John Groenewegen, Delft University of Technology, The Netherlands This in-depth book explains how institutional changes such as the privatization and liberalization of network industries, for example transport, energy or telecommunications, can frequently be disappointing. The expected benefits such as lower prices, innovation and better services fail to materialize, often because the number of competitors is low. The authors demonstrate how strategic actor behaviour of one or more of the firms involved can help explain these disappointing results. This book elucidates the concept of strategic behaviour and portrays it in real-life examples to aid our understanding of this important phenomenon in terms of policy and organizational decision-making. It clearly demonstrates the adverse effects strategic behaviour can exert on the quality of infrastructure provision after liberalization. The theoretical sections are backed by empirical examples from throughout the world. The unique multidisciplinary approach will ensure a broad readership among students, researchers and policy-makers with an interest in the economics, politics and management of infrastructure and network industries.

U.S. Public Policy Toward Network Industries

Author : Lawrence J. White
Publisher : American Enterprise Institute
ISBN 13 : 9780844771403
Total Pages : 68 pages
Book Rating : 4.7/5 (714 download)

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Book Synopsis U.S. Public Policy Toward Network Industries by : Lawrence J. White

Download or read book U.S. Public Policy Toward Network Industries written by Lawrence J. White and published by American Enterprise Institute. This book was released on 1999 with total page 68 pages. Available in PDF, EPUB and Kindle. Book excerpt: Network industries comprise a large sector of the US economy. This text shows that public policy concerns are not accidental, because such industries often embody two major and widely recognized forms of potential market failure: significant economies of scale, and externalities.

Remedies in EU Competition Law

Author : Damien Gerard
Publisher : Kluwer Law International B.V.
ISBN 13 : 9403522445
Total Pages : 347 pages
Book Rating : 4.4/5 (35 download)

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Book Synopsis Remedies in EU Competition Law by : Damien Gerard

Download or read book Remedies in EU Competition Law written by Damien Gerard and published by Kluwer Law International B.V.. This book was released on 2020-07-10 with total page 347 pages. Available in PDF, EPUB and Kindle. Book excerpt: By their nature, remedies are central to competition law enforcement and represent the yardstick against which the efficiency of the overall system can be measured. Yet very rarely have remedies been treated in a horizontal and comprehensive manner from the combined perspectives of substance, process and policy. The present volume, developed in partnership with the College of Europe’s Global Competition Law Centre (GCLC), provides coherent, practical, and authoritative commentaries by leading experts from the GCLC’s incomparable network. The contributions – originally presented at the 2019 GCLC annual conference – examine remedies to assess the overall effectiveness of competition law enforcement in merger, antitrust and State aid matters. The overall topic is presented under five headings: objectives and limitations of remedies; types of remedies in competition law enforcement; implementation and process; ex post assessment of remedies and policy lessons; and national and international approaches. The high-profile and wide-ranging group of authors includes the Director-General of the European Commission’s competition department, lawyers from major international firms, and well-known economists and academics specialising in competition law. With a sharp focus on how to make competition rules work well in today’s digital environment, this systematic and coherent analysis illuminates an issue that we need to fully grasp and understand in order to make sense of competition policy, law and enforcement in the years and decades to come.

Restructuring in Network Industries

Author : Mark Jamison
Publisher : Dissertation Discovery Company
ISBN 13 : 9780530001258
Total Pages : 138 pages
Book Rating : 4.0/5 (12 download)

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Book Synopsis Restructuring in Network Industries by : Mark Jamison

Download or read book Restructuring in Network Industries written by Mark Jamison and published by Dissertation Discovery Company. This book was released on 2018-12-06 with total page 138 pages. Available in PDF, EPUB and Kindle. Book excerpt: Dissertation Discovery Company and University of Florida are dedicated to making scholarly works more discoverable and accessible throughout the world. This dissertation, "Restructuring in network industries" by Mark A. Jamison, was obtained from University of Florida and is being sold with permission from the author. The content of this dissertation has not been altered in any way. We have altered the formatting in order to facilitate the ease of printing and reading of the dissertation.

The Governance of Network Industries

Author :
Publisher :
ISBN 13 : 9781847201171
Total Pages : 256 pages
Book Rating : 4.2/5 (11 download)

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Book Synopsis The Governance of Network Industries by :

Download or read book The Governance of Network Industries written by and published by . This book was released on 2009 with total page 256 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Need for Efficient Regulation in Network Industries

Author : Marc Rothemund
Publisher :
ISBN 13 :
Total Pages : 144 pages
Book Rating : 4.:/5 (634 download)

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Book Synopsis The Need for Efficient Regulation in Network Industries by : Marc Rothemund

Download or read book The Need for Efficient Regulation in Network Industries written by Marc Rothemund and published by . This book was released on 2007 with total page 144 pages. Available in PDF, EPUB and Kindle. Book excerpt:

A Bitter Medicine? Short-Term Employment Impact of Deregulation in Network Industries

Author : Andrea Bassanini
Publisher :
ISBN 13 :
Total Pages : 37 pages
Book Rating : 4.:/5 (13 download)

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Book Synopsis A Bitter Medicine? Short-Term Employment Impact of Deregulation in Network Industries by : Andrea Bassanini

Download or read book A Bitter Medicine? Short-Term Employment Impact of Deregulation in Network Industries written by Andrea Bassanini and published by . This book was released on 2015 with total page 37 pages. Available in PDF, EPUB and Kindle. Book excerpt: There is evidence that pro-competitive reforms in an industry with large incumbents induce the latter to re-organise and reduce prices in an attempt to deter entry of new competitors. Using data for three broadly-defined network industries in 23 OECD countries and covering over 30 years, I show that such re-organization has sizable negative short-term effects on industry employment. The employment losses, which last at least 3 years, are larger when reforms are implemented during downturns and insignificant when they take place in upturns.These findings contrast with previous evidence that deregulation in retail distribution has no (or even positive) short-term employment effects. This discrepancy is likely driven by the much larger employment share of small incumbents, with no margins of efficiency improvement, in retail than in network industries (as well as many other industries). Evidence on the immediate effect of removing entry barriers on industry prices and productivity is consistent with the hypothesis that the initial contraction of industry employment is the result of incumbents re-organising and downsizing before the entry of new competitors.

Better Safe Than Sorry?

Author : Netherlands. Centraal Planbureau
Publisher :
ISBN 13 :
Total Pages : 172 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis Better Safe Than Sorry? by : Netherlands. Centraal Planbureau

Download or read book Better Safe Than Sorry? written by Netherlands. Centraal Planbureau and published by . This book was released on 2004 with total page 172 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Structural Remedies in Network Industries

Author : Yongjoon Park
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (137 download)

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Book Synopsis Structural Remedies in Network Industries by : Yongjoon Park

Download or read book Structural Remedies in Network Industries written by Yongjoon Park and published by . This book was released on 2020 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Asset divestitures are often negotiated to alleviate anticompetitive concerns created by horizontal mergers. I develop a structural model to evaluate the effectiveness of alternative slot divestiture schemes in the US airline industry, focusing on the divestiture of slots at Ronald Reagan Washington National Airport (DCA), which the government required as a condition of the American/US Airways merger. Departing from the existing literature, my model accounts for how the number of slots allocated to a route segment affects carrier costs, how passengers going to many different destinations may use the same segments, and how carriers choose to allocate slots to segments. I use counterfactuals to show that slot divestitures can result in the re-allocation of surplus between consumers; to estimate the proportion of slots that the merged American would have needed to divest to maximize total welfare; and, to evaluate the effects of allocating divested slots to different types of carriers. I find that the proposed divestiture raised consumer surplus significantly ($112M per year) compared to approving the merger without divestiture, but that it re-allocated surplus between consumers in different markets. I also find that the policy of only allowing the slots to be divested to low-cost carriers raised consumer surplus relative to the policy of only allowing the slots to be divested to legacy carriers.

Competition Policy in Network Industries

Author : Nicholas Economides
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (137 download)

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Book Synopsis Competition Policy in Network Industries by : Nicholas Economides

Download or read book Competition Policy in Network Industries written by Nicholas Economides and published by . This book was released on 2014 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: We discuss issues of the application of antitrust law and regulatory rules to network industries. In assessing the application of antitrust in network industries, we analyze a number of relevant features of network industries and the way in which antitrust law and regulatory rules can affect them. These relevant features include (among others) network effects, market structure, market share and profits inequality, choice of technical standards, relationship between the number of active firms and social benefits, existence of market power, leveraging of market power in complementary markets, and innovation races. We find that there are often significant differences on the effects of application of antitrust law in network and non-network industries.

The Economics of Network Industries

Author : Oz Shy
Publisher : Cambridge University Press
ISBN 13 : 1139432273
Total Pages : 264 pages
Book Rating : 4.1/5 (394 download)

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Book Synopsis The Economics of Network Industries by : Oz Shy

Download or read book The Economics of Network Industries written by Oz Shy and published by Cambridge University Press. This book was released on 2001-01-08 with total page 264 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book introduces upper-level undergraduates, graduate students, and researchers to the latest developments in network economics, one of the fastest-growing fields in all industrial organization. Network industries include the Internet, e-mail, telephony, computer hardware and software, music and video players, and service operations in the banking, legal, and airlines industries among many others. The work offers an overview of the subject matter as well as investigations about specific industries. It conveys the essential features of how strategic interactions between firms are affected by network activity, as well as covering social interaction and its influence on consumers' choices of products and services. Virtually no calculus is used in the text, and each chapter ends with a series of exercises and selected references. The text may be used for both one- and two-semester courses.

The Antitrust Paradox

Author : Robert Bork
Publisher :
ISBN 13 : 9781736089712
Total Pages : 536 pages
Book Rating : 4.0/5 (897 download)

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Book Synopsis The Antitrust Paradox by : Robert Bork

Download or read book The Antitrust Paradox written by Robert Bork and published by . This book was released on 2021-02-22 with total page 536 pages. Available in PDF, EPUB and Kindle. Book excerpt: The most important book on antitrust ever written. It shows how antitrust suits adversely affect the consumer by encouraging a costly form of protection for inefficient and uncompetitive small businesses.

The Rise of the New Network Industries

Author : Juan Montero
Publisher : Routledge
ISBN 13 : 1000377326
Total Pages : 417 pages
Book Rating : 4.0/5 (3 download)

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Book Synopsis The Rise of the New Network Industries by : Juan Montero

Download or read book The Rise of the New Network Industries written by Juan Montero and published by Routledge. This book was released on 2021-05-04 with total page 417 pages. Available in PDF, EPUB and Kindle. Book excerpt: Cutting through the confusion around the nature and implications of digitalization, this book explores the rise of the new digital networks, how they affect traditional infrastructure, and how they will eventually need to be regulated. The authors examine how digitalization affects infrastructures in telecommunications, transport, and energy, and how digital platforms establish themselves as a new network on top of and in addition to traditional ones. Complex concepts are introduced through short and colorful stories about the founders of the most popular platforms (Google, Facebook, Skype, Uber, etc.) and how they grew to positions of power, drawing parallels with century-old traditional network industries’ monopoly power (AT&T, General Electric, etc.). The authors argue that these digital platforms strongly interfere with traditional infrastructures that are heavily regulated and provide essential services for society – meaning that digital platforms should be considered as a new and much more powerful type of infrastructure and will require regulation accordingly. A global audience of policy makers, public authorities, consultants, lawyers, students, and academics, as well as anyone with an interest in these digital platforms, will find this book enlightening and essential reading.

The Oxford Handbook of Regulation

Author : Robert Baldwin
Publisher : OUP Oxford
ISBN 13 : 019162943X
Total Pages : 680 pages
Book Rating : 4.1/5 (916 download)

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Book Synopsis The Oxford Handbook of Regulation by : Robert Baldwin

Download or read book The Oxford Handbook of Regulation written by Robert Baldwin and published by OUP Oxford. This book was released on 2012-07-19 with total page 680 pages. Available in PDF, EPUB and Kindle. Book excerpt: Regulation is often thought of as an activity that restricts behaviour and prevents the occurrence of certain undesirable activities, but the influence of regulation can also be enabling or facilitative, as when a market could potentially be chaotic if uncontrolled. This Handbook provides a clear and authoritative discussion of the major trends and issues in regulation over the last thirty years, together with an outline of prospective developments. It brings together contributions from leading scholars from a range of disciplines and countries. Each chapter offers a broad overview of key current issues and provides an analysis of different perspectives on those issues. Experiences in different jurisdictions and insights from various disciplines are drawn upon, and particular attention is paid to the challenges that are encountered when specific approaches are applied in practice. Contributors develop their own distinctive arguments relating to the central issues in regulation and apply scholarly rigour and clear writing to matters of high policy-relevance. The essays are original, accessible, and agenda-setting, and the Handbook will be essential reading both to students and researchers and to with regulatory and regulated professionals.