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Regulation, Competition, and Liberalization

Mark Armstrong1; David E. M. Sappington2

1 University College London · 2 University of Florida

Journal of Economic Literature 2006

In many countries throughout the world, regulators are struggling to determine whether and how to introduce competition into regulated industries. This essay examines the complexities involved in the liberalization process. While stressing the importance of case-specific analyses, this essay distinguishes liberalization policies that generally are procompetitive from corresponding anticompetitive liberalization policies.

DOI
10.1257/jel.44.2.325
Volume
44 (2)
Pages
325-366
Language
en
Export
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