Networks, Infrastructure and the New Task for Regulation. Werner Sichel and Donald L. Alexander, editors.

Networks, Infrastructure and the New Task for Regulation. Werner Sichel and Donald L. Alexander,... Review of Industrial Organization 12: 833–835, 1997. Book Review Networks, Infrastructure and the New Task for Regulation. Werner Sichel and Donald L. Alexander, editors. Ann Arbor: University of Michigan Press, 1996, 169 pages, $44.50. Buyer and seller relationships are dear to the heart of many economists. Nonethe- less, we often pay insufficient attention to the means by which sellers provide products to buyers. One method of providing a product is through the use of a network. For example, networks allow firms in the telecommunication and electric utility industries the means to offer service more efficiently. However, networks can also promote market power. With respect to the airline industry, for example, net- works (i.e., the “hub-and-spoke” system) have allowed certain airlines to dominate hub airports. Consequently, the extent to which networks induce market power is an important issue. Furthermore, given the importance of network-related industries, whether or not these industries should be regulated, and to what extent, must also be addressed. The essays contained in the book Networks, Infrastructure, and the New Task for Regulation, edited by Sichel and Alexander, provide an enlightened discussion of many of the issues pertaining to networks. The book is split into three parts, each http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Review of Industrial Organization Springer Journals

Networks, Infrastructure and the New Task for Regulation. Werner Sichel and Donald L. Alexander, editors.

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Publisher
Kluwer Academic Publishers
Copyright
Copyright © 1997 by Kluwer Academic Publishers
Subject
Economics; Industrial Organization; Microeconomics
ISSN
0889-938X
eISSN
1573-7160
D.O.I.
10.1023/A:1007726610390
Publisher site
See Article on Publisher Site

Abstract

Review of Industrial Organization 12: 833–835, 1997. Book Review Networks, Infrastructure and the New Task for Regulation. Werner Sichel and Donald L. Alexander, editors. Ann Arbor: University of Michigan Press, 1996, 169 pages, $44.50. Buyer and seller relationships are dear to the heart of many economists. Nonethe- less, we often pay insufficient attention to the means by which sellers provide products to buyers. One method of providing a product is through the use of a network. For example, networks allow firms in the telecommunication and electric utility industries the means to offer service more efficiently. However, networks can also promote market power. With respect to the airline industry, for example, net- works (i.e., the “hub-and-spoke” system) have allowed certain airlines to dominate hub airports. Consequently, the extent to which networks induce market power is an important issue. Furthermore, given the importance of network-related industries, whether or not these industries should be regulated, and to what extent, must also be addressed. The essays contained in the book Networks, Infrastructure, and the New Task for Regulation, edited by Sichel and Alexander, provide an enlightened discussion of many of the issues pertaining to networks. The book is split into three parts, each

Journal

Review of Industrial OrganizationSpringer Journals

Published: Sep 29, 2004

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