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 several...

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Autores:
Tipo de recurso:
Fecha de publicación:
2001
Institución:
Universidad del Rosario
Repositorio:
Repositorio EdocUR - U. Rosario
Idioma:
eng
OAI Identifier:
oai:repository.urosario.edu.co:10336/22337
Acceso en línea:
https://repository.urosario.edu.co/handle/10336/22337
Palabra clave:
Cost allocation
Gas retail
Pricing structure
Regulation
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License
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spelling 79242814600945c1357-7169-4365-946d-3ae164d99d7a2020-05-25T23:56:09Z2020-05-25T23:56:09Z2001Relative 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.application/pdf1486195https://repository.urosario.edu.co/handle/10336/22337eng223No. 43892209Journal of Economics and BusinessVol. 53Journal of Economics and Business, ISSN:1486195, Vol.53, No.43892 (2001); pp. 209-223https://www.scopus.com/inward/record.uri?eid=2-s2.0-0004410318&partnerID=40&md5=19c74d31533e70b4344a0d85f5992028Abierto (Texto Completo)http://purl.org/coar/access_right/c_abf2instname:Universidad del Rosarioreponame:Repositorio Institucional EdocURCost allocationGas retailPricing structureRegulationIncumbent and entrant response to regulated competition: Signaling with accounting costs and market pricesarticleArtículohttp://purl.org/coar/version/c_970fb48d4fbd8a85http://purl.org/coar/resource_type/c_6501Otero Cardona, Jesús GilbertoPrice C.W.10336/22337oai:repository.urosario.edu.co:10336/223372022-05-02 07:37:16.901972https://repository.urosario.edu.coRepositorio institucional EdocURedocur@urosario.edu.co
dc.title.spa.fl_str_mv Incumbent and entrant response to regulated competition: Signaling with accounting costs and market prices
title Incumbent and entrant response to regulated competition: Signaling with accounting costs and market prices
spellingShingle Incumbent and entrant response to regulated competition: Signaling with accounting costs and market prices
Cost allocation
Gas retail
Pricing structure
Regulation
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
dc.subject.keyword.spa.fl_str_mv Cost allocation
Gas retail
Pricing structure
Regulation
topic Cost allocation
Gas retail
Pricing structure
Regulation
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.
publishDate 2001
dc.date.created.spa.fl_str_mv 2001
dc.date.accessioned.none.fl_str_mv 2020-05-25T23:56:09Z
dc.date.available.none.fl_str_mv 2020-05-25T23:56:09Z
dc.type.eng.fl_str_mv article
dc.type.coarversion.fl_str_mv http://purl.org/coar/version/c_970fb48d4fbd8a85
dc.type.coar.fl_str_mv http://purl.org/coar/resource_type/c_6501
dc.type.spa.spa.fl_str_mv Artículo
dc.identifier.issn.none.fl_str_mv 1486195
dc.identifier.uri.none.fl_str_mv https://repository.urosario.edu.co/handle/10336/22337
identifier_str_mv 1486195
url https://repository.urosario.edu.co/handle/10336/22337
dc.language.iso.spa.fl_str_mv eng
language eng
dc.relation.citationEndPage.none.fl_str_mv 223
dc.relation.citationIssue.none.fl_str_mv No. 43892
dc.relation.citationStartPage.none.fl_str_mv 209
dc.relation.citationTitle.none.fl_str_mv Journal of Economics and Business
dc.relation.citationVolume.none.fl_str_mv Vol. 53
dc.relation.ispartof.spa.fl_str_mv Journal of Economics and Business, ISSN:1486195, Vol.53, No.43892 (2001); pp. 209-223
dc.relation.uri.spa.fl_str_mv https://www.scopus.com/inward/record.uri?eid=2-s2.0-0004410318&partnerID=40&md5=19c74d31533e70b4344a0d85f5992028
dc.rights.coar.fl_str_mv http://purl.org/coar/access_right/c_abf2
dc.rights.acceso.spa.fl_str_mv Abierto (Texto Completo)
rights_invalid_str_mv Abierto (Texto Completo)
http://purl.org/coar/access_right/c_abf2
dc.format.mimetype.none.fl_str_mv application/pdf
institution Universidad del Rosario
dc.source.instname.spa.fl_str_mv instname:Universidad del Rosario
dc.source.reponame.spa.fl_str_mv reponame:Repositorio Institucional EdocUR
repository.name.fl_str_mv Repositorio institucional EdocUR
repository.mail.fl_str_mv edocur@urosario.edu.co
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