Regulating Networks in the New Economy
Title: Regulating Networks in the New Economy
Author: GLACHANT, Jean-Michel
Series/Number: EUI RSCAS; 2009/05; Loyola de Palacio Programme on Energy Policy
The regulation of network industries has undergone profound transformation in the past twenty years. The regulated industry is no longer the same, being exposed to new competitive dynamics having revolutionized their industrial framework, technology and interactions with users. There also have been fundamental changes in what regulation is feasible. In an “information society” a model devised in the 19th century to set prices for monopoly infrastructures such as bridges, roads and railways no longer captures the essential: the interactive dynamics created by technologies, uses, and markets.
Subject: regulatory economics; network industries; utilities regulation; information society
Type of Access: openAccess