Regulating Networks in the New Economy
Title: Regulating Networks in the New Economy
Author: GLACHANT, Jean-Michel
Citation: Review of Economics and Institutions, 2012, 3, 1, Article 1, E-only
Series/Report no.: [Loyola de Palacio Chair]
External link: http://www.rei.unipg.it/rei/article/view/49/66
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.
The article is based on an EUI RSCAS Working Paper 2009/05 Loyola de Palacio Energy Policy Programme (http://hdl.handle.net/1814/10622)
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