Privatization, Restructuring, and Regulation of Network Utilities (Walras-Pareto Lectures) by David M. Newbery
English | Feb. 7, 2002 | ISBN: 0262640481 | 484 Pages | PDF | 80.64 MB
Network utilities, such as electricity, telephones, and gas, are public utilities that require a fixed network to deliver their services. Because consumers have no choice of network, they risk exploitation by network owners. Once invested, however, a network's capital is sunk, and the bargaining advantage shifts from investor to consumer.