Better safe than sorry? Reliability policy in network industries

Rob Aalbers, Victoria Shestalova and Sander Onderstal

No 73, CPB Document from CPB Netherlands Bureau for Economic Policy Analysis

Abstract: This report develops a roadmap for reliability policy in network industries. Based on economic theory, we analyse the relationship between reliability and various types of government policy: privatisation, liberalisation, regulation, unbundling, and 'commitment policy'. We let government policy depend on (1) the feasibility of competition between networks, (2) contractibility of reliability, and (3) the relation between profit maximisation and public interests. We test this roadmap on the basis of the empirical literature and case studies on electricity, natural gas, drinking water, wastewater, and railways.

JEL-codes: L15 L22 L33 L51 L92 L94 L95 L98 (search for similar items in EconPapers)
Date: 2004-12
New Economics Papers: this item is included in nep-ene, nep-ind and nep-net
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (8)

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Persistent link: https://EconPapers.repec.org/RePEc:cpb:docmnt:73

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