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Regulating Dynamic Markets: Progress in Theory and Practice

dc.contributor.authorHahn, Robert
dc.contributor.authorEvans, Lewis
dc.date.accessioned2015-02-11T21:39:21Z
dc.date.accessioned2022-07-07T02:11:33Z
dc.date.available2015-02-11T21:39:21Z
dc.date.available2022-07-07T02:11:33Z
dc.date.copyright2010-06-08
dc.date.issued2010
dc.description.abstractA key question facing regulators is how to create an economic environment that encourages appropriate investment and innovation. In this paper we analyse the importance of technological change for both competition and regulation with a particular focus on the regulation of telecommunications and the internet. We recommend that dynamic efficiency should be used as the appropriate benchmark for judging the effectiveness of different regulatory approaches. Contrary to conventional wisdom we find that incentive regulation such as price caps is not particularly good at promoting dynamic efficiency. Neither is traditional cost-of-service regulation. As an alternative we suggested that antitrust judiciously applied is likely to be better at promoting dynamic efficiency.en_NZ
dc.formatpdfen_NZ
dc.identifier.urihttps://ir.wgtn.ac.nz/handle/123456789/19155
dc.language.isoen_NZ
dc.publisherTe Herenga Waka—Victoria University of Wellingtonen_NZ
dc.rightsPermission to publish research outputs of the New Zealand Institute for the Study of Competition and Regulation has been granted to the Victoria University of Wellington Library. Refer to the permission letter in record: https://ir.wgtn.ac.nz/handle/123456789/18870en_NZ
dc.titleRegulating Dynamic Markets: Progress in Theory and Practiceen_NZ
dc.typeTexten_NZ
vuwschema.contributor.unitNew Zealand Institute for the Study of Competition and Regulationen_NZ
vuwschema.contributor.unitVictoria Business School: Orauarikien_NZ
vuwschema.subject.anzsrcfor149999 Economics not elsewhere classifieden_NZ
vuwschema.subject.anzsrcforV2389999 Other economics not elsewhere classifieden_NZ
vuwschema.type.vuwWorking or Occasional Paperen_NZ

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