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Privatisation and liberalisation in an industry with network externalities

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Abstract

Network externalities and sunk costs can make a profit-maximising monopoly superior to competition even if a large number of firms can enter. Competition can outperform a public monopoly only if sunk costs become significantly lower. © 2005 Elsevier B.V. All rights reserved.

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APA

Willner, J. (2006). Privatisation and liberalisation in an industry with network externalities. Economics Letters, 91(2), 197–203. https://doi.org/10.1016/j.econlet.2005.11.016

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