The Economics of Network Industries

The Economics of Network Industries

Author: Oz Shy

Publisher: Cambridge University Press

ISBN: 0521805007

Category: Business & Economics

Page: 334

View: 293

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 Economics and Regulation of Network Industries

The Economics and Regulation of Network Industries

Author: Ingo Vogelsang

Publisher: Cambridge University Press

ISBN: 9781108807814

Category: Political Science

Page:

View: 425

Have you ever wondered how your telephone company or Internet service provider can give you access to almost all people in the world, or how electricity suppliers can compete with each other if there is only one electric supply line passing through your street? This Element deals with the economics and public regulation of such network industries. It puts particular emphasis on the specific economic concepts used for analyzing them and on the regulatory reform movement and the compatibility of regulation and competition. Worldwide most of these industries have changed dramatically in recent years, telecommunications in particular. Network industries mostly exhibit economies of scale in production and similar economies in consumption. Both of these properties cause market power problems that often require industry-specific regulation. However, due to technological and market changes network policies have moved on from end-user regulation to wholesale regulation and in some cases to deregulation.

Economies of Network Industries

Economies of Network Industries

Author: Hans Werner Gottinger

Publisher: Routledge

ISBN: 9781134472819

Category: Business & Economics

Page: 248

View: 724

This revealing book examines different types of network industries such as railways, telecommunications and new media, and investigates their economics with an accent on history makes it stand apart from others in the area. Hans Göttinger's accessible writing style and knowledgeable research makes this book recommended reading for all those interested in industrial, innovation and micro policy economics.

Network Industries

Network Industries

Author: Matthias Finger

Publisher: Routledge

ISBN: 9780429831058

Category: Business & Economics

Page: 110

View: 418

The unique challenges associated with understanding network industries requires insights from a range of disciplinary perspectives, namely economics, engineering, law, and political science. This book analyzes the de- and re-regulation of the network industries and the regulatory challenges these industries will face in the future. Network industries are characterised by economics that entail limiting effects on competition and market creation, and the book highlights the drivers behind their liberalization as well as the inherent need for regulation as liberalization unfolds. By way of an historical approach, the author offers insights into the distinctive approaches between Europe and North America in the past whilst also presenting the pervasive role digitalization increasingly comes to play. A concise overview of the state of thinking about the network industries, this book will be vital reading for researchers, advanced students and practitioners.

Competition Policy in Network Industries

Competition Policy in Network Industries

Author: Frank Fichert

Publisher: LIT Verlag Münster

ISBN: 9783825802318

Category: Business & Economics

Page: 292

View: 416

The promotion of competition in Europes network industries has been in the foreground of economic policy in recent years. Network industries have undergone dramatic changes, involving privatization, liberalization and deregulation as well as reregulation. But there are still many unresolved problems in both economic policy as well as economic research. Hence, a vivid exchange between academics and policy makers has emerged to find the optimal framework for these industries. This volume contributes to this discussion, containing several papers on various network industries.

Network Industries and Social Welfare

Network Industries and Social Welfare

Author: Massimo Florio

Publisher: Oxford University Press

ISBN: 9780199674855

Category: Business & Economics

Page: 431

View: 610

This book offers a careful scrutiny of energy and telephony reforms and their social impact on households in 15 countries across Western Europe. It concludes that the benefits for consumers are limited and it discusses the reasons why the European reform experiment of network industries is not living up to its promises.

Competition and Regulation in Network Industries

Competition and Regulation in Network Industries

Author: Jean-Marc Zogheib

Publisher:

ISBN: 1954750994

Category:

Page: 144

View: 664

While particularly dynamic and innovative, the digital and telecommunication industries are found to have a great tendency towards concentration, resulting in strong market power and raising concerns from competition and regulatory authorities. In this study focusing on such network industries, Jean-Marc Zogheib explores the interplay between public policy and firms' strategies by combining various tools of theoretical economic analysis adopted from industrial economics, network economics, and platform economics. Mr. Zogheib's thesis consists of three distinct essays: the first chapter examines how merger policy affects firms' entry strategies, the second chapter shifts the focus to public intervention by considering how the coexistence of private and public players affects competition and investment, while the third chapter investigates the role of privacy in competition between digital platforms and the importance of consumer data in the competitive analysis of mergers. This book clearly illustrates how economics can contribute essential building blocks to the construction of competitive reasoning and how the integration of competition law into economic models extended their collective utility. An important read for lawyers and economists alike. The book was awarded the inaugural Concurrences PhD Award in Economics.

U.S. Public Policy Toward Network Industries

U.S. Public Policy Toward Network Industries

Author: Lawrence J. White

Publisher: American Enterprise Institute

ISBN: 0844771406

Category: Business & Economics

Page: 68

View: 286

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.

Network Economics

Network Economics

Author: Günter Knieps

Publisher: Springer

ISBN: 3319363956

Category: Business & Economics

Page: 184

View: 824

This textbook on network economics provides essential microeconomic instruments for the analysis of network sectors like telecommunications, transport or energy. Network-specific characteristics emerge both on the cost side and benefit side, requiring network providers to develop innovative entrepreneurial competition strategies for costing, pricing, and investment. From a competition policy perspective, a number of interesting questions arise: In which parts of networks is competition functional? In contrast, where is an abuse of market power to be expected? What is the division of labor between cartel authorities and regulatory agencies? The book develops an analytical framework for all network industries which allows readers to study entrepreneurial strategies as well as regulation and competition policies for network industries.

Economies of Network Industries

Economies of Network Industries

Author: Hans Werner Gottinger

Publisher: Routledge

ISBN: 9781134472826

Category: Business & Economics

Page: 246

View: 915

This revealing book examines different types of network industries such as railways, telecommunications and new media, and investigates their economics with an accent on history makes it stand apart from others in the area. Hans Göttinger's accessible writing style and knowledgeable research makes this book recommended reading for all those interested in industrial, innovation and micro policy economics.

EU Competition Law and the Information and Communication Technology Network Industries

EU Competition Law and the Information and Communication Technology Network Industries

Author: Andrej Fatur

Publisher: Bloomsbury Publishing

ISBN: 9781847319128

Category: Law

Page: 312

View: 658

Competition policies have long been based on a scholarly tradition focused on static models and static analysis of industrial organisation. However, recent developments in industrial organisation literature have led to significant advances, moving beyond traditional static models and a preoccupation with price competition, to consider the organisation of industries in a dynamic context. This is especially important in the field of information and communication technology (ICT) network industries where competition centres on network effects, innovation and intellectual property rights, and where the key driver of consumer benefit is technological progress. Consequently, when an antitrust intervention is contemplated, a number of considerations that arise out of the specific nature of the ICT sector have to be taken into account to ensure improved consumer welfare. This book considers the adequacy of existing EU competition policy in the area of the ICT industries in the light of the findings of modern economic theory. Particular attention is given to the implications of these dynamic markets for the competitive assessment and treatment of the most common competitive harms in this area, such as non-price predatory practices, tying and bundling, co-operative standard setting, platform joint ventures and co-operative R&D.