Liberalizations in Network Industries Economics, Policy and Politics
This book explores the wave of liberalization reforms experienced by OECD network industries. Focusing on the telecommunications sector, the authors analyze the latest data available on liberalization and privatization, and following a political economics
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Liberalizations in Network Industries Economics, Policy and Politics
Liberalizations in Network Industries
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Antonio Nicita • Filippo Belloc
Liberalizations in Network Industries Economics, Policy and Politics
Antonio Nicita Department of Economics and Law University of Rome Sapienza Rome, Italy
Filippo Belloc Department of Economic Studies University of Chieti-Pescara Pescara, Italy
Italian Communications Authority Rome, Italy
ISBN 978-3-319-43716-3 ISBN 978-3-319-43717-0 DOI 10.1007/978-3-319-43717-0
(eBook)
Library of Congress Control Number: 2016952545 © Springer International Publishing Switzerland 2016 This work is subject to copyright. All rights are reserved by the Publisher, whether the whole or part of the material is concerned, specifically the rights of translation, reprinting, reuse of illustrations, recitation, broadcasting, reproduction on microfilms or in any other physical way, and transmission or information storage and retrieval, electronic adaptation, computer software, or by similar or dissimilar methodology now known or hereafter developed. The use of general descriptive names, registered names, trademarks, service marks, etc. in this publication does not imply, even in the absence of a specific statement, that such names are exempt from the relevant protective laws and regulations and therefore free for general use. The publisher, the authors and the editors are safe to assume that the advice and information in this book are believed to be true and accurate at the date of publication. Neither the publisher nor the authors or the editors give a warranty, express or implied, with respect to the material contained herein or for any errors or omissions that may have been made. Printed on acid-free paper This Springer imprint is published by Springer Nature The registered company is Springer International Publishing AG Switzerland
Acknowledgments
We would like to express special thanks for the discussions over and the precious suggestions received about previous versions of this book to Marianna Belloc, Carlo Cambini, Angelo M. Cardani, Martin Cave, Dario Denni, Stefano Gori, Antonio Manganelli, Giulio Napolitano, Pier Luigi Parcu, Giovanni Pitruzzella and Gerard Pogorel. We also thank Giuliano Amato, Eric Brousseau, Maurizio Franzini, Ugo Pagano, Niklas Potrafke, Alan Schwartz and Stefan Voigt for their helpful comments on our previous related research on which Chapter 5 is partly based. Finally, we are indebted to Claudia Colafrancesco for her excellent research assistance. Usual disclaimers apply.
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Contents
The Liberalization of Network Industries: Meaning and Purpose . . . . 1.1 Introduction . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1.2 Market Structure and the Nature of Competition . . . . . . . . . . . . . . 1.3 Public Interventions Against Market Failures . . . . . . . . . . . . . . . . . 1.4 The Rise of Liberalization Policy in Network Industries . . . . . . . . . 1.4.1 The Peculiar
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