The economics of network industries The economics of network industries …

In this paper a disaggregated approach to network regulation is provided. The question is
analyzed to what extent interconnection/access problems can be solved by voluntary market
contracts of the parties involved and to what extent government interventions should be
implemented. The key concept is the identification of monopolistic bottlenecks where market
power can be identified ex apte. In all other parts of networks regulatory interventions are
detrimental. Possible fallacies with respect to the regulation of monopolistic bottlenecks …