Privatisation and liberalisation in an industry with network externalities

Johan Willner

doi:10.1016/j.econlet.2005.11.016

Privatisation and liberalisation in an industry with network externalities

Johan Willner

Research output: Contribution to journal › Article › Scientific › peer-review

4 Citations (Scopus)

Abstract

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 language	English
Pages (from-to)	197-203
Number of pages	7
Journal	Economics Letters
Volume	91
Issue number	2
DOIs	https://doi.org/10.1016/j.econlet.2005.11.016
Publication status	Published - May 2006
MoE publication type	A1 Journal article-refereed

Keywords

Liberalisation
Network externalities
Welfare

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10.1016/j.econlet.2005.11.016

Cite this

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KW - Welfare

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Privatisation and liberalisation in an industry with network externalities

Abstract

Keywords

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