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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