Permanent URL to this publication: http://dx.doi.org/10.5167/uzh-52153
Buehler, Stefan (2000). Is Swiss Telecommunications a Natural Monopoly? An Evaluation of Empirical Evidence. Working paper series / Socioeconomic Institute No. 1, University of Zurich.
Based upon time series data published by PTT prior to regulatory reform, this paper investigates whether Swiss telecommunications qualify as a natural monopoly. Employing the subadditivity concept for multiproduct industries, alternative specifications of quadratic cost functions are estimated. The results of these estimations are ambiguous and demonstrate the difficulty of empirically substantiating a natural monoply claim. It is argued that the natural monopoly concept is of limited usefulness for informing policy decisions.
|Item Type:||Working Paper|
|Communities & Collections:||03 Faculty of Economics > Department of Economics|
Working Paper Series > Socioeconomic Institute (former)
|JEL Classification:||C32, L43, L96|
|Deposited On:||29 Nov 2011 22:32|
|Last Modified:||09 Jul 2012 05:02|
|Series Name:||Working paper series / Socioeconomic Institute|
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