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  3. Journal of Economic Literature
  4. June 2006
  5. Regulation, Competition and Liberalization

Journal of Economic Literature

ISSN 0022-0515 (Print) | ISSN 2328-8175 (Online)

Regulation, Competition and Liberalization

  • Mark Armstrong
  • David E.M. Sappington
Journal of Economic Literature
vol. 44, no. 2, June 2006
(pp. 325–366)
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Abstract

In many countries throughout the world, regulators are struggling to determine whether and how to introduce competition into regulated industries. This essay examines the complexities involved in the liberalization process. While stressing the importance of case-specific analyses, this essay distinguishes liberalization policies that generally are procompetitive from corresponding anticompetitive liberalization policies.

Citation

Armstrong, Mark, and David E.M. Sappington. 2006. "Regulation, Competition and Liberalization." Journal of Economic Literature 44 (2): 325–366. DOI: 10.1257/jel.44.2.325

JEL Classification

  • D42 Market Structure and Pricing: Monopoly
  • D85 Network Formation and Analysis: Theory
  • L12 Monopoly; Monopolization Strategies
  • L14 Transactional Relationships; Contracts and Reputation; Networks
  • L51 Economics of Regulation