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Abstract: Restructuring Industries: The Carrot and the Stick
Abstract
Restructuring Industries: The Carrot and the Stick
The Review of Network Economics
Vol. 2, Issue 4 - December 2003, pp 376-403
Author
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Roger Sherman
Department of Economics, University of Houston
E-mail: [email protected] |
Abstract
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Restructuring brings market incentives into formerly monopolized network industries and raises a host of questions about whether the carrot of profit seeking can be disciplined by the stick of competition. In the telephone industry access pricing is an issue, and major problems are illustrated. In the electricity industry other problems are described and possible solutions are briefly sketched.
Keywords: incentive regulation, access pricing, telecommunications, electricity
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