dc.contributor.author |
Boffa, F |
en |
dc.contributor.author |
Panzar, John |
en |
dc.date.accessioned |
2012-04-02T21:09:21Z |
en |
dc.date.issued |
2012 |
en |
dc.identifier.citation |
Journal of Regulatory Economics 41(2):201-215 2012 |
en |
dc.identifier.issn |
0922-680X |
en |
dc.identifier.uri |
http://hdl.handle.net/2292/16442 |
en |
dc.description.abstract |
This paper proposes a regulatory mechanism for vertically related industries in which the upstream “bottleneck” segment faces significant returns to scale while other (downstream) segments may be more competitive. In the proposed mechanism, the ownership of the upstream firm is allocated to downstream firms in proportion to their shares of input purchases. This mechanism, while preserving downstream competition, partially internalizes the benefits of exploiting economies of scale resulting from an increase in downstream output. We show that this mechanism is more efficient than a disintegrated market structure in which the upstream natural monopoly bottleneck sets a price equal to average cost. |
en |
dc.publisher |
Springer Verlag |
en |
dc.relation.ispartofseries |
Journal of Regulatory Economics |
en |
dc.rights |
Items in ResearchSpace are protected by copyright, with all rights reserved, unless otherwise indicated. Previously published items are made available in accordance with the copyright policy of the publisher. Details obtained from http://www.sherpa.ac.uk/romeo/issn/0922-680X/ |
en |
dc.rights.uri |
https://researchspace.auckland.ac.nz/docs/uoa-docs/rights.htm |
en |
dc.title |
Bottleneck co-ownership as a regulatory alternative |
en |
dc.type |
Journal Article |
en |
dc.identifier.doi |
10.1007/s11149-011-9157-0 |
en |
pubs.issue |
2 |
en |
pubs.begin-page |
201 |
en |
pubs.volume |
41 |
en |
dc.rights.holder |
Copyright: Springer Verlag |
en |
pubs.end-page |
215 |
en |
dc.rights.accessrights |
http://purl.org/eprint/accessRights/RestrictedAccess |
en |
pubs.subtype |
Article |
en |
pubs.elements-id |
305940 |
en |
pubs.org-id |
Business and Economics |
en |
pubs.org-id |
Economics |
en |
pubs.record-created-at-source-date |
2012-02-28 |
en |