Tirole to a Chinese media, Caixin.中文のほうでは、中国の現状をどう評価するか、と問われ、「自分はよくわからない。中国をよく知っている人たちが、自分たちの仕事をみて、どれが使いやすいか考えてほしい」と答えています。 How should monopolies be broken up? It is all a matter of balance. The regulator should not be captured by historical monopolies. Nor should it try to create competition for the purpose of it by all means. For example, when an industry is restructured to allow competition, a regulator may feel its mandate is to create competition. This is a fine mandate, but one has to check that it is fulfilled in the proper way. First, the regulator should not bring in numbers. That has happened several times, with regulators favoring an inefficient entrant just for the sake of creating competition. Another example is that of a regulator of electricity subdividing the physical rights to a limited-capacity interconnection between two regions or countries to create competition in transmission, without actually allowing more electricity to flow through the line.
Posted on: Thu, 25 Dec 2014 13:52:49 +0000
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