Competition Policy in Network Industries: An Introduction
New York University - Leonard N. Stern School of Business - Department of Economics
NET Institute Working Paper No. 04-24, NYU, Ctr for Law and Business Research Paper No. 03-10
We discuss issues of the application of antitrust law and regulatory rules to network industries. In assessing the application of antitrust in network industries, we analyze a number of relevant features of network industries and the way in which antitrust law and regulatory rules can affect them. These relevant features include (among others) network effects, market structure, market share and profits inequality, choice of technical standards, relationship between the number of active firms and social benefits, existence of market power, leveraging of market power in complementary markets, and innovation races. We find that there are often significant differences on the effects of application of antitrust law in network and non-network industries.
Number of Pages in PDF File: 30
Keywords: networks, network effects, public policy, antitrust, telecommunications, technical standards
JEL Classification: L4. L5working papers series
Date posted: December 8, 2004
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