Competition and the Social Cost of Regulation in the Postal Sector

Martin Maegli and Christian Jaag

No 32, Working Papers from Swiss Economics

Abstract: Increased direct and indirect competition in the postal sector represents a great challenge to the traditional business model of postal operators. It is often put forward that regulatory institutions need to evolve in parallel and coherently with developments in the market place in order to allow postal operators cope with these challenges. Regulatory institutions are intended to remedy market failures and reduce transaction costs. However, they also cause governance costs, including costs resulting from distorted investment and innovation, if these institutions do not respond adequately to changes in consumer preferences and technologies. This paper analyzes of the impact of regulatory institutions on investment and innovation in the postal sector.

Keywords: Regulation; Postal market; Governance; Institutions (search for similar items in EconPapers)
JEL-codes: L41 L52 (search for similar items in EconPapers)
Date: 2012-07
New Economics Papers: this item is included in nep-com and nep-ind
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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Related works:
Chapter: Competition and the social cost of regulation in the postal sector (2013)
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