Query:
faculty: "FEB" and publication year: "2003"
| Authors | M.P. Schinkel, B. Volkerink | | Title | Long live OPTA! |
| Publisher | Department of Economics |
| Place | Amsterdam |
| Year | 2003 |
| Pages | 17 |
| Title series | METEOR Research Memorandum |
| Faculty | Faculty of Economics and Business |
| Institute/dept. | FEB: Research Institute in Economics and Econometrics Amsterdam (RESAM) |
| Abstract | Although explicitly installed as a provisional body, the Dutch telecommunication controller OPTA displays some signs typical of government institutions that seek to become indispensable. A conflict in OPTA's two main policy objectives---guarding consumer prices through controlling the network operator and encouraging entry into the telecommunication market in order to establish symmetric competition---hinders OPTA in making itself redundant. In this paper it is shown that a market structure with a dominant owner of the network and a few fringe firms, among which OPTA referees for ever, is a stable Nash equilibrium. Apart from a warning for this undesirable state of affairs, some possible remedies are discussed. Long live OPTA, but leaner and meaner, supervising a symmetrically competing market. |
| Document type | Report |
| Download paper | |
| Document finder | 
|
Use this url to link to this page: http://dare.uva.nl/en/record/391571
Contact us about this recordNotify a colleague
Add to bookbag
|
previous
