Privatisation and liberalisation in an industry with network externalities

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4 Citations (Scopus)


Network externalities and sunk costs can make a profit-maximising monopoly superior to competition even if a large number of firms can enter. Competition can outperform a public monopoly only if sunk costs become significantly lower. © 2005 Elsevier B.V. All rights reserved.
Original languageEnglish
Pages (from-to)197-203
Number of pages7
JournalEconomics Letters
Issue number2
Publication statusPublished - May 2006
MoE publication typeA1 Journal article-refereed


  • Liberalisation
  • Network externalities
  • Welfare


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