Rail as a natural monopoly and possibilities of its regulation
  • Metaadatok
Tartalom: http://real.mtak.hu/38887/
Archívum: MTA Könyvtár
Gyűjtemény: Status = Published

Type = Article
Cím:
Rail as a natural monopoly and possibilities of its regulation
Létrehozó:
Forgács, Anna
SzabĂł, Szabolcs
Kiadó:
Szent István Egyetemi Kiadó Nonprofit Kft.
Dátum:
2015
Téma:
HD22 Land economics / földgazdaságtan
Tartalmi leírás:
Government regulation is required for go
ods with a gap between social and private costs and
social and private benefits. Such goods can be classified into three types:
a)
toll goods, which are non
-
rival but exclusion from use is possible;
b)
common pool goods, which are privately consumed and exclus
ion is not possible;
c)
collective goods, which are jointly consumed and exclusion is not possible.
Toll goods (the railway for example) are characterized by the need of a significant amount of
capital and an almost zero marginal production cost. As one sin
gle asset is enough to meet the
entire public demand, providers of such services can be defined as natural monopolies and as
so the issue is to avoid those monopolies to supply scarce services at high prices. Efficient
regulation requires the government to
stand apart from and an independent regulatory agency
to restrict monopolist operation. This regulatory task can be accomplished by simulating
competition (price cap regulation) or by motivating competition (free access to networks).
Nyelv:
magyar
Típus:
Article
PeerReviewed
info:eu-repo/semantics/article
Formátum:
text
Azonosító:
Forgács, Anna and Szabó, Szabolcs (2015) Rail as a natural monopoly and possibilities of its regulation. Studia Mundi – Economica, 2 (2). pp. 50-60. ISSN 2415-9395
Kapcsolat:
10.18531/Studia.Mundi.2015.02.02.50-60
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