Auctions of Capacity in Network Industries

Regulation Initiative Working Paper No. 53

21 Pages Posted: 1 May 2003

See all articles by Jon Stern

Jon Stern

City, University of London - Centre for Competition and Regulatory Policy - Department of Economics

Ralph Turvey

London Business School - Department of Economics

Date Written: October 2002

Abstract

In recent years, there has been much interest in the use of auctions in utility service industries in the UK and in other countries. The most publicised examples have been franchise auctions eg. auctions for 3G mobile telecom spectrum, the UK auctions of railways operating franchises, etc. However, there has been growing interest in the use of auctions of network capacity - auctions both (a) for allocation of and use of existing capacity and (b) for investment in new capacity. It is these topics that are discussed in this and the other papers included in this special issue of Utility Policy. These papers were presented and discussed at a Conference organised by the London Business School's Regulation Initiative in April 2002.

Keywords: Utility Regulation, Auctions, Networks, Eelectricity, Gas, Railways, Airports

JEL Classification: L51, D44, L97, L98

Suggested Citation

Stern, Jon and Turvey, Ralph, Auctions of Capacity in Network Industries (October 2002). Regulation Initiative Working Paper No. 53. Available at SSRN: https://ssrn.com/abstract=372001 or http://dx.doi.org/10.2139/ssrn.372001

Jon Stern (Contact Author)

City, University of London - Centre for Competition and Regulatory Policy - Department of Economics ( email )

Northampton Square
London, EC1V 0HB
United Kingdom

Ralph Turvey

London Business School - Department of Economics ( email )

Sussex Place
Regent's Park
London NW1 4SA
United Kingdom
0207 262 5050 (Phone)
0207 723 7810 (Fax)

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