The Assessment: European Networks' Competition, Interconnection, and Regulation

Posted: 8 Nov 2003

See all articles by Dieter Helm

Dieter Helm

Oxford Economic Research Associates (OXERA) Consulting Ltd.

Abstract

Recent events, such as the California energy crisis, the failures of the UK's railways, and the consequences of the third-generation (3G) mobile licence auctions, have called into question the European reliance on a strategy of network industry liberalization. Substantial concentration in energy and telecoms markets has also raised the issue of the consistency of competition policy with the creation of internal energy and communications markets. The paper considers the multiple market failures in these industries, and the problems raised by a series of national policy approaches which fail fully to reflect the economies of scale and scope and the European-level public goods. Security of supply in energy, the roll-out of broadband, and the gains for an overarching approach to climate change require a more European focus. This in turn will require institutional reform at the European level. Failure to address this Europe-wide agenda will leave Europe behind the USA.

Suggested Citation

Helm, Dieter, The Assessment: European Networks' Competition, Interconnection, and Regulation. Oxford Review of Economic Policy, Vol. 17, No. 3, Autumn 2001. Available at SSRN: https://ssrn.com/abstract=443480

Dieter Helm (Contact Author)

Oxford Economic Research Associates (OXERA) Consulting Ltd. ( email )

Alfred Street
Oxford OX1 4EH
United Kingdom

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