Publication:
Competition in Network Industries : Where and How to Introduce It

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dc.contributor.authorKlein, Michael
dc.contributor.authorGray, Philip
dc.date.accessioned2012-08-13T15:29:45Z
dc.date.available2012-08-13T15:29:45Z
dc.date.issued1997-01
dc.description.abstractIf privatizing network industries is to bring lasting public benefits, governments should also attempt to introduce competition. The scope for such competition is growing with increasing deregulation and technological innovation. As technology continues to improve, the use of "smart markets"--computer-assisted auction systems to clear competitive but complex markets--is likely to become feasible for an ever-expanding group of products and countries. This Note outlines the opportunities for introducing network competition--competition for the market, competition over existing networks, and competition among networks. It briefly considers in each case whether it will become easier or more complicated. It looks at how these opportunities could be applied in different networks. And it concludes with some basic guidelines for introducing competition: 1) the more complex the network and the lower the sunk cost, the more value there is likely to be in introducing competition from other networks. 2) Where technical change is rapid, defining the bonds of natural monopoly will be more difficult and the dynamic benefits of competition will be large. 3) Where government capacity to be benevolently and efficiently recognize natural monopoly and establish barriers to entry is weak, entry probably should not be limited by policy.en
dc.identifierhttp://documents.worldbank.org/curated/en/1997/01/695040/competition-network-industries-introduce
dc.identifier.doi10.1596/11597
dc.identifier.urihttps://hdl.handle.net/10986/11597
dc.languageEnglish
dc.publisherWorld Bank, Washington, DC
dc.relation.ispartofseriesViewpoint: Public Policy for the Private Sector; Note No. 104
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectASSET VALUATION
dc.subjectAUCTIONS
dc.subjectBARRIERS TO ENTRY
dc.subjectCENTRAL PLANNING
dc.subjectCOMPETITIVE MARKETS
dc.subjectCONSUMER PROTECTION
dc.subjectCONSUMERS
dc.subjectDEREGULATION
dc.subjectEXTERNALITIES
dc.subjectMONOPOLIES
dc.subjectMONOPOLY
dc.subjectNATURAL MONOPOLY
dc.subjectNETWORKS
dc.subjectOPTIMIZATION
dc.subjectPOWER PLANTS
dc.subjectPRICE REGULATION
dc.subjectPRICING PRINCIPLES
dc.subjectPRODUCERS
dc.subjectREGULATORY REGIMES
dc.subjectSUNK COSTS
dc.subjectSUPPLIERS
dc.subjectTELECOMMUNICATIONS
dc.subjectTELECOMMUNICATIONS NETWORKS AUCTIONS
dc.subjectCONCESSIONS
dc.subjectNEW TECHNOLOGIES
dc.subjectMARKET COMPETITION
dc.subjectVOTING
dc.subjectFREE ENTRY
dc.subjectNETWORK INDUSTRIES
dc.subjectNATURAL MONOPOLIES
dc.subjectSUNK COSTS
dc.titleCompetition in Network Industries : Where and How to Introduce Iten
dspace.entity.typePublication
okr.date.doiregistration2025-04-29T10:02:17.577671Z
okr.doctypePublications & Research::Viewpoint
okr.doctypePublications & Research
okr.docurlhttp://documents.worldbank.org/curated/en/1997/01/695040/competition-network-industries-introduce
okr.globalpracticeMacroeconomics and Fiscal Management
okr.globalpracticeEducation
okr.globalpracticeEnvironment and Natural Resources
okr.globalpracticeFinance and Markets
okr.globalpracticeTrade and Competitiveness
okr.guid423781468779093087
okr.identifier.externaldocumentum090224b0854aadc1_2_0
okr.identifier.internaldocumentum695040
okr.identifier.report16894
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/1997/01/01/000009265_3980420172725/Rendered/PDF/multi0page.pdfen
okr.topicInternational Economics and Trade::Access to Markets
okr.topicEducation::Education for the Knowledge Economy
okr.topicEconomic Theory and Research
okr.topicEnvironmental Economics and Policies
okr.topicMacroeconomics and Economic Growth::Knowledge Economy
okr.topicEnvironment
okr.unitOff of VP
okr.unitFPD&IFC Chief Econ-WB (FPDVP)
okr.volume1 of 1
relation.isSeriesOfPublication1067ecbf-b217-4376-a77e-64594be2b212
relation.isSeriesOfPublication.latestForDiscovery1067ecbf-b217-4376-a77e-64594be2b212
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