Industry Structure and Pricing. The New Rivalry in Infrastructure, Mark A. Jamison.

Industry Structure and Pricing. The New Rivalry in Infrastructure, Mark A. Jamison. 134 BOOK REVIEW identify natural monopolies, detect cross-subsidization, and to determine the prices entrants must pay for access to the incumbents’ networks. The book begins with a concise description of the key contributions econom- ists and their models have made to analysis and policymaking in infrastructure industries. An analysis of the welfare loss entailed in monopoly pricing is followed by descriptions of classic oligopoly models, and a description of the contestable markets theory and its critiques. Jamison’s explanations here, and in the rest of the book, require little formal economic education on the part of the reader beyond possibly an introductory course in microeconomics. Descriptions of the models and economic concepts are accompanied by graphs and simple numerical examples to help illustrate the issues being discussed. A few of the more technical details are relegated to appendices. The book also contains extensive references for readers who wish to delve more deeply into specific topics. The second chapter is the largest in the book. It is devoted to a description of the evolution of infrastructure markets towards multilateral rivalry. Through a combin- ation of stylized models and real world examples, Jamison provides descriptions of how “traditional” telecommunications, electricity, and natural Review of Industrial Organization Springer Journals

Industry Structure and Pricing. The New Rivalry in Infrastructure, Mark A. Jamison.

Loading next page...
Kluwer Academic Publishers
Copyright © 2001 by Kluwer Academic Publishers
Economics; Industrial Organization; Microeconomics
Publisher site
See Article on Publisher Site

There are no references for this article.

You’re reading a free preview. Subscribe to read the entire article.

DeepDyve is your
personal research library

It’s your single place to instantly
discover and read the research
that matters to you.

Enjoy affordable access to
over 12 million articles from more than
10,000 peer-reviewed journals.

All for just $49/month

Explore the DeepDyve Library

Unlimited reading

Read as many articles as you need. Full articles with original layout, charts and figures. Read online, from anywhere.

Stay up to date

Keep up with your field with Personalized Recommendations and Follow Journals to get automatic updates.

Organize your research

It’s easy to organize your research with our built-in tools.

Your journals are on DeepDyve

Read from thousands of the leading scholarly journals from SpringerNature, Elsevier, Wiley-Blackwell, Oxford University Press and more.

All the latest content is available, no embargo periods.

See the journals in your area

Monthly Plan

  • Read unlimited articles
  • Personalized recommendations
  • No expiration
  • Print 20 pages per month
  • 20% off on PDF purchases
  • Organize your research
  • Get updates on your journals and topic searches


Start Free Trial

14-day Free Trial

Best Deal — 39% off

Annual Plan

  • All the features of the Professional Plan, but for 39% off!
  • Billed annually
  • No expiration
  • For the normal price of 10 articles elsewhere, you get one full year of unlimited access to articles.



billed annually
Start Free Trial

14-day Free Trial