Incumbent and entrant response to regulated competition: Signaling with accounting costs and market prices

"Relative prices charged by incumbents have become a strategic issue as competition is introduced into regulated markets which were previously served by a monopoly supplier. We report on the behavior of the incumbent and entrants in the residential UK gas market, where the regulator has made se...

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Autores Principales: Otero, Jesus, Price C.W.
Formato: Artículo (Article)
Lenguaje:Inglés (English)
Publicado: 2001
Materias:
Acceso en línea:https://repository.urosario.edu.co/handle/10336/22337
id ir-10336-22337
recordtype dspace
spelling ir-10336-223372021-09-15T22:06:39Z Incumbent and entrant response to regulated competition: Signaling with accounting costs and market prices Otero, Jesus Price C.W. Cost allocation Gas retail Pricing structure Regulation "Relative prices charged by incumbents have become a strategic issue as competition is introduced into regulated markets which were previously served by a monopoly supplier. We report on the behavior of the incumbent and entrants in the residential UK gas market, where the regulator has made several investigations into whether the incumbent's relative prices constitute undue discrimination. We identify the regulator's policy, the strategic use of cost allocation by both the regulator and the incumbent, and the costs implied by entrants' prices. We deduce that the entrants' behavior provides support for the incumbent's cost allocation arguments rather than those of the regulator. © 2001 Elsevier Science Inc. All rights reserved." 2001 2020-05-25T23:56:09Z info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion 1486195 https://repository.urosario.edu.co/handle/10336/22337 eng info:eu-repo/semantics/openAccess application/pdf instname:Universidad del Rosario reponame:Repositorio Institucional EdocUR
institution EdocUR - Universidad del Rosario
collection DSpace
language Inglés (English)
topic Cost allocation
Gas retail
Pricing structure
Regulation
spellingShingle Cost allocation
Gas retail
Pricing structure
Regulation
Otero, Jesus
Price C.W.
Incumbent and entrant response to regulated competition: Signaling with accounting costs and market prices
description "Relative prices charged by incumbents have become a strategic issue as competition is introduced into regulated markets which were previously served by a monopoly supplier. We report on the behavior of the incumbent and entrants in the residential UK gas market, where the regulator has made several investigations into whether the incumbent's relative prices constitute undue discrimination. We identify the regulator's policy, the strategic use of cost allocation by both the regulator and the incumbent, and the costs implied by entrants' prices. We deduce that the entrants' behavior provides support for the incumbent's cost allocation arguments rather than those of the regulator. © 2001 Elsevier Science Inc. All rights reserved."
format Artículo (Article)
author Otero, Jesus
Price C.W.
author_facet Otero, Jesus
Price C.W.
author_sort Otero, Jesus
title Incumbent and entrant response to regulated competition: Signaling with accounting costs and market prices
title_short Incumbent and entrant response to regulated competition: Signaling with accounting costs and market prices
title_full Incumbent and entrant response to regulated competition: Signaling with accounting costs and market prices
title_fullStr Incumbent and entrant response to regulated competition: Signaling with accounting costs and market prices
title_full_unstemmed Incumbent and entrant response to regulated competition: Signaling with accounting costs and market prices
title_sort incumbent and entrant response to regulated competition: signaling with accounting costs and market prices
publishDate 2001
url https://repository.urosario.edu.co/handle/10336/22337
_version_ 1712098491515273216
score 11,828437