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Journal of Economic Literature: Vol. 44 No. 2 (June 2006)

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Regulation, Competition and Liberalization

Article Citation

Armstrong, Mark, and David E.M. Sappington. 2006. "Regulation, Competition and Liberalization." Journal of Economic Literature, 44(2): 325-366.

DOI: 10.1257/jel.44.2.325

Abstract

In many countries throughout the world, regulators are struggling to determine whether and how to introduce competition into regulated industries. This essay examines the complexities involved in the liberalization process. While stressing the importance of case-specific analyses, this essay distinguishes liberalization policies that generally are procompetitive from corresponding anticompetitive liberalization policies.

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Authors

Armstrong, Mark
Sappington, David E.M.


Journal of Economic Literature


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