Market Power Regulation

Günter Knieps
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Günter Knieps: University of Freiburg

Chapter 8 in Network Economics, 2015, pp 133-156 from Springer

Abstract: Abstract Since the comprehensive abolishment of legal barriers to entry in (almost) all network sectors network economics has undergone a paradigm shift. Whereas before the opening of the markets the controversial question was if and to what degree competition in network industries could function at all, in the meantime the central controversy of network economics has shifted to the division of labour between sector-specific regulation and general competition law. This chapter presents the disaggregated approach of market power regulation. The normative theory of regulation defines the criteria for determining which network areas should be regulated (regulatory basis), which instruments should be used to do so (regulatory instruments) and how these instruments should be applied. The central question is how network industries should be regulated.

Keywords: Market Power; Natural Monopoly; Potential Competition; Essential Facility; Network Sector (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sptchp:978-3-319-11695-2_8

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DOI: 10.1007/978-3-319-11695-2_8

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