Download or read book Deregulation by Vertical Integration written by John Richard Morris and published by . This book was released on 1988 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Deregulation by Vertical Integration written by John Richard Morris and published by . This book was released on 1988 with total page 31 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Electricity Deregulation and Vertical Integration written by Donald Burtt and published by LAP Lambert Academic Publishing. This book was released on 2010-06 with total page 216 pages. Available in PDF, EPUB and Kindle. Book excerpt: This work examines the progression of generators and retailers, following electricity deregulation, to vertically integrate (VI) to determine whether all participants might benefit, or because generators are provided with increased market power, electricity consumers in particular could be worse off. The drivers of generators and retailers to vertically integrate are examined, with the lessons learnt applied to the Queensland electricity market. A literature review was first undertaken, with particular reference to the writings of Oliver Williamson. The Queensland analysis concluded that the maximum benefits that consumers could expect from VI was $138 million p.a. with current meter technology and strong retail competition, increasing to $156 million p.a. if meter technology improved. Total possible VI benefits were estimated at $321 million p.a., so consumers could expect to receive no more than 50% of total VI benefits. That is in a strongly competitive retail market, consumers could expect to receive, at the most, 50% of VI benefits, whereas in a weakly competitive retail market, consumers could be worse off.

Download or read book Electricity Deregulation Vertical Integration and the Importance of Independent Electricity Retailers written by Donald John Burtt and published by . This book was released on 2009 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Financial Deregulation and Integration in East Asia written by Takatoshi Ito and published by University of Chicago Press. This book was released on 2007-12-01 with total page 416 pages. Available in PDF, EPUB and Kindle. Book excerpt: The increased mobility and volume of international capital flows is a striking trend in international finance. While countries worldwide have engaged in financial deregulation, nowhere is this pattern more pronounced than in East Asia, where it has affected in unanticipated ways the behavior of exchange rates, interest rates, and capital flows. In these thirteen essays, American and Asian scholars analyze the effects of financial deregulation and integration on East Asian markets. Topics covered include the roles of the United States and Japan in trading with Asian countries, macroeconomic policy implications of export-led growth in Korea and Taiwan, the effects of foreign direct investment in China, and the impact of financial liberalization in Japan, Korea, and Singapore. Demonstrating the complexity of financial deregulation and the challenges it poses for policy makers, this volume provides an excellent picture of the overall status of East Asian financial markets for scholars in international finance and Asian economic development.

Download or read book Natural Gas Markets After Deregulation written by Harry G. Broadman and published by Routledge. This book was released on 2016-03-17 with total page 116 pages. Available in PDF, EPUB and Kindle. Book excerpt: Originally published in 1983, Broadman and Montgomery present an agenda for further research into deregulated natural gas markets by relating natural gas production, transmission and distribution with the economic function of contracts and local distribution companies. This work raises fundamental issues that could arise with the deregulation of the natural gas industry and outlines analytical methods that could be used to predict any problems that might arise and possible changes to policy. This title is of interest to students of Environmental Studies and professionals.

Download or read book Deregulation of Network Industries written by Sam Peltzman and published by Rowman & Littlefield. This book was released on 2011-04-01 with total page 220 pages. Available in PDF, EPUB and Kindle. Book excerpt: Although the airline, railroad, telecommunications, and electric power industries are at very different stages in adjusting to regulatory reform, each industry faces the same critical public policy question: Are policymakers taking appropriate steps to stimulate competition or are they turning back the clock by slowing the process of deregulation? This volume addresses that issue and identifies the next steps that policymakers should take to enhance public welfare in the provision of these services. Each chapter identifies the central policy issues that have arisen in each industry as it undergoes transformation to a deregulated environment. The authors reveal the flaws in the residual regulations and make the case for faster and more comprehensive deregulation. A concluding chapter identifies how interest groups continue to exert influence on regulatory agencies and on Congress, potentially undermining deregulation. The papers included here were initially presented in December 1999 at a conference sponsored and organized by the AEI–Brookings Joint Center for Regulatory Studies.

Download or read book Deregulation Uncertainty and Information Technology in the Electric Utility Industry A Transaction Cost Interpretation of the Drivers and Consequences of Vertical Disintegration written by Maurice Lennie McNaughton and published by . This book was released on 2006 with total page 234 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Vertical Integration and Regulation written by Christoph Kleineberg and published by Springer. This book was released on 2019-01-17 with total page 62 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book investigates under which circumstances vertical unbundling can lead to a more efficient market result. The assessment is based on an interdisciplinary approach combining law and economics. Drawing on the assessment, circumstances are subsequently presented under which unbundling might become necessary. Additionally, less severe means of regulatory intervention are suggested in order to protect competition. Given its scope, the book is chiefly intended for scholars and practitioners in the field of economic policy and regulation law; in addition, it will give interested members of the public a unique opportunity to learn about the underlying rationales of regulation law and regulation economics.

Download or read book Deregulation Process Governance Structures and Efficiency written by Magali Delmas and published by . This book was released on 2003 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Digging Deep to Compete written by Danny McGowan and published by . This book was released on 2015 with total page 60 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper tests whether product market competition affects vertical integration through the price channel. The identification strategy exploits data on ownership structure and deregulation of the US railroad sector as a source of exogenous variation in competition within the coal mining industry. We document a 28% reduction in the incidence of vertical integration among the treatment group following exposure to more product market competition. Consistent with recent organizational economics theories, this effect stems from product market competition increasing industry supply and reducing market prices. This decreased the returns to integration and triggered a significant reduction in the frequency of mergers.

Download or read book Electricity Deregulation written by James M. Griffin and published by University of Chicago Press. This book was released on 2009-11-15 with total page 453 pages. Available in PDF, EPUB and Kindle. Book excerpt: The electricity market has experienced enormous setbacks in delivering on the promise of deregulation. In theory, deregulating the electricity market would increase the efficiency of the industry by producing electricity at lower costs and passing those cost savings on to customers. As Electricity Deregulation shows, successful deregulation is possible, although it is by no means a hands-off process—in fact, it requires a substantial amount of design and regulatory oversight. This collection brings together leading experts from academia, government, and big business to discuss the lessons learned from experiences such as California's market meltdown as well as the ill-conceived policy choices that contributed to those failures. More importantly, the essays that comprise Electricity Deregulation offer a number of innovative prescriptions for the successful design of deregulated electricity markets. Written with economists and professionals associated with each of the network industries in mind, this comprehensive volume provides a timely and astute deliberation on the many risks and rewards of electricity deregulation.

Download or read book Regulation of Access to Vertically integrated Natural Monopolies written by and published by Ministry of Commerce. This book was released on 1995-01-01 with total page 120 pages. Available in PDF, EPUB and Kindle. Book excerpt: "An analysis of the experience of telecommunications interconnection negotiations in New Zealand, the Privy Council decision in the case of Telecom Corporatin and Clear Communications, and the implications for the regulation of access to vertically-integrated natural monopoly industries in New Zealand"--P. iii.

Download or read book Towards Competition in Network Industries written by Paul J.J. Welfens and published by Springer. This book was released on 2012-01-25 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Competition in network industries faces particular problems which are analyzed from both a theoretical and policy perspective. Issues of vertical integration, deregulation and privatization are covered. While competition and privatization are rapidly unfolding in telecommunications in Western and Eastern Europe, energy and railway transportation represent sectors of more gradual liberalization. The different market characteristics of telecommunications, energy and transportation raise consistency problems in the fields of deregulation, investment strategies and internationalization. While transformation policies create opportunities for liberalization in Eastern Europe and Russia the latter shows critical problems in ending monopoly and state ownership. Network industries could be subject to competition and promise major investment opportunities plus consumer benefits.

Download or read book Market Structure Vertical Integration and Long Term Contracts in the partially Deregulated Natural Gas Industry written by Joseph P. Kalt and published by . This book was released on 1985 with total page 35 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Deregulation Vs Reregulation of Telecommunications written by Christopher S. Yoo and published by . This book was released on 2012 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: For the past several decades, U.S. policymakers and the courts have charged a largely deregulatory course with respect to telecommunications. During the initial stages, these decisionmakers responded to technological improvements by narrowing regulation to cover only those portions of industry that remained natural monopolies and deregulating those portions that became open to competition. Eventually, Congress began regulating individual network components rather than services, mandating that incumbent local telephone companies provide unbundled access to any network element. As these elements became open to competition, the courts prompted the Federal Communications Commission to release almost the entire network from unbundling obligations. The advent of the Obama Administration, the recent financial crisis, and the persistence of regulatory intervention in Europe has prompted a debate over whether the U.S. should begin to reregulate. This article reviews how regulation has forced the consumers and providers to bear the costs associated with rate regulation, prevented them from benefitting from the efficiencies associated with vertical integration, have forced them to bear the implementation costs of unbundling, and adversely affected incentives to invest in new network capacity. More recent arguments in favor of using unbundling as a way to help new entrants climb the “ladder of investment” have proven difficult to administer and empirically unsubstantiated. As a matter of comparative second-best analysis, the decision should be based on the tradeoff between short-run static efficiency losses and long-run dynamic efficiency gains and institutional considerations, such as the greater administrability of structural relief, the benefits of decentralized decisionmaking, the distortions caused by regulatory lag, and biases in governmental decisionmaking processes, which generally favor deregulation. Moreover, the increasing viability of competition heightens the importance of investment incentives and makes the costs of regulatory intervention harder to justify.

Download or read book Competition Policy and Merger Analysis in Deregulated and Newly Competitive Industries written by Peter C. Carstensen and published by Edward Elgar Publishing. This book was released on 2008-01-01 with total page 265 pages. Available in PDF, EPUB and Kindle. Book excerpt: The thorough analyses presented in the book provide the reader with a good overview of the deregulation process in the respective industries. . . Competition Policy and Merger Analysis in Deregulated and Newly Competitive Industries is a valuable resource for researchers of law, economics, and political science. . . Volker Soyez, European Competition Law Review This comprehensive book contains case studies on the evolution of competition policy, with an emphasis on merger policy, for seven major US industries that have experienced substantial deregulation in the past forty years electricity, natural gas, telecommunications, railroads, airlines, hospitals and banking. Also included is a comparison of the EU s experience in attempting to bring about competition in the energy, finance, and airline industries. The contributors to the volume, each a recognized expert on the industry examined, explore the positive and negative implications of the substitution of market-oriented processes for historic patterns of command and control regulation. The chapters reveal clear similarities in the economic, legal and public policy issues that have arisen following deregulation of these economic sectors. Together they provide a good basis to discern the consistency of the problems and the relative success of differing responses to these issues over a range of industries going through similar transformation. While taking a basically positive view of the movement away from direct regulation, the contributors identify a number of continuing problems with achieving workable competition in these industries. The thorough analyses presented here will be of great value to law, economics, and political science researchers interested in deregulation, economic consultants advising government agencies or private parties, attorneys who focus on deregulated industries, policy planners at the agencies overseeing these industries, and students in advanced seminars on economic regulation.