College of
Management of
Technology
Institute of Technology
and Public Policy
Chair, Management of
Network Industries
Prof. Matthias Finger
European University Institute
Robert Schuman Center for
Advanced Studies (RSCAS)
Florence School of Regulation
Prof. Matthias Finger
Faculty of Technology,
Policy, and Management
Department of Values,
Technology and
Innovation
Section Economics of
Infrastructures
Prof. Rolf Künneke
De- and re-regulation of the network industries
PhD course
Fall semester 2014
October 6-10, 2014
Room ODY 10019.1, EPFL
This course aims at giving participants an insight into the de- and the re-regulation of the network
industries, in particular the telecommunications, energy, water, transport and postal sectors.
Participants will be introduced to the economic and regulatory aspects of the different sectors, with a
special focus on EU legislation and its impact on Member States. The course will also focus on two
particularly relevant theoretical perspectives on the liberalizing network industries, namely the new
institutional economics perspective and the regulatory economics perspective.
Registration and coordination
The course is primarily offered to PhD students of EPFL, the European University Institute and Delft
University of Technology. However, PhD students working on the network industries from other
reputable Universities can also apply and will be admitted on a first-come-first- serve basis as long as
the quotas are not filled. Maximum number of participants: 20.
Scientific coordination: Matthias Finger, Matthias.finger@epfl.ch
Administration: Patricia Defferrard, patricia.defferrard@epfl.ch
1
Course objectives
The objective of this course is to offer the opportunity to participants to better understand the
current restructuring of network industries, including energy, water, telecom, transport and
postal sectors. Important aspects are the ongoing liberalization process, internationalization,
re-regulation, as well as the multiplication of pressures on the provision of public service and
the preservation of the infrastructures’ quality. Even though there are numerous industry
specificities, which the participants will be introduced to, the course aims at providing a
comprehensive overview of the transformation of the above mentioned infrastructures with a
cross-sector and international perspective, as well as an in-depth presentation of the key
theoretical elements necessary to understand the profound transformation processes especially
with respect to institutions, technology, and policy.
The ongoing de-regulation and re-regulation processes lead to challenges at many levels: from
the historical operator’s perspective, used to providing clearly defined services in a
monopolistic environment, the exposure to competition requires fundamental organizational
and managerial changes; at political level, there is a need for new regulation to accompany the
liberalization process and to ensure that the advantages expected from competition ultimately
benefit the general interest. At sector level, technological innovation and consumer demand
on the one hand and underinvestment on the other hand exert conflicting pressures on the
quality and the upgrading of the infrastructures and the related services. This course will
address these different issues so as to highlight the complexity of sector specific de- and reregulation.
Consequently, the participants may expect the following outcomes from this course:

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



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
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Understand the main stakes of the privatization and liberalization processes in the
network industries
Become familiar with the main political issues in the telecommunications, energy,
water, postal and transport sectors
Identify key actors of the deregulation and re-regulation process in Europe
Become acquainted with the major EU Directives legislation on sector
transformation in the different industries
Recognize the principal concerns related to public service and understand the
current debates around public service
Become familiar with sector specific and competition regulation of the network
industries
Being able to appreciate the different technological characteristics of
infrastructures and its relation to institutions and policy
Understand the major challenges incumbent operators and new market players are
confronted with
Get to know some of the critical infrastructure-related challenges
Reflect on the consequences of sector internationalization and convergence
Understand the main theoretical approaches to the de- and re-regulating network
industries
2
Pedagogical approach
Our pedagogical approach is based on adult learning, with a strong focus on the participants,
valuing in particular their professional and research knowledge and experience. The course is
focused on non-technical issues intended to complement the technical background of
participants and give them a broader knowledge of the sectors, which is essential for those
who seek to research one or several network industries.
For each topic, the professors will present the major issues, in order to offer the participants a
basic knowledge of the sectors after which time will be made available for questions and
debate. Participants may also submit specific topics which they would like to have addressed.
Requirements and Evaluation
Participants are requested to prepare the working sessions by reading the texts provided for
that purpose (uploaded prior to the course). Participants are invited to prepare a 10 minutes
presentation of their PhD research, to be presented on one of the scheduled afternoon
sessions.
Participants will be assessed according to their active participation as well as the requirements
determined by the professors in charge of the program in their respective institution. As for
the participants who would like to obtain 2 credits for this course from EPFL, they will be
assessed according to their active participation as well as to a 20-page paper they will hand in
after the end of the course. This paper counts as the final exam. The paper shall focus on a
selected aspect of one of the topics discussed during the working sessions, and preferably be
related to the professional or research activities of the participants. Deadline for submission
will be determined by the professors at the first working session.
Structure of the course
The course is structured into fifteen 90 minutes sessions, each of which addresses a particular
topic. During the last afternoon session of each day, students’ presentations are scheduled.
Each participant will have 10 minutes (strictly) to present an outline of his/her PhD research.
This will be followed by short comments for no more than 10 minutes.
The following persons will teach in the course:
-
Prof. Janice Beecher, Michigan State University (via videolink)
Prof. Matthias Finger, EPFL
Dr. Christian Jaag, EPFL and University of St.Gallen
Prof. Rolf Künneke, Delft University of Technology
3
09:00-10:30
10:30–11:00
11:00-12:30
12:30-13:30
13:30-15:30
15:30-15:45
15:45-17:00
Monday
October 6
Introduction to the
de- and reregulation of the
network industries
(Matthias Finger)
Tuesday
October 7
Telecommunications
(Matthias Finger)
Postal services
(Matthias Finger)
The European
approach to the
regulation of the
network industries
(Matthias Finger)
Regulatory
economics
(Christian Jaag)
The US approach to
the regulation of the
network industries
(Janice Beecher)
Students’
presentations
Students’
presentation
Wednesday
October 8
Institutional
Economics
(Rolf Künneke)
Thursday
October 9
Electricity
(Matthias Finger)
Coffee break
Beyond markets and Firm behavior under
hierarchies
regulation
(Rolf Künneke)
(Matthias Finger)
Lunch
The governance of
regulation
Tea break
Students’
presentation
17:00-18-00
4
Friday
October 10
Air Transport
(Matthias Finger)
Railways
(Matthias Finger)
Co-evolution of
Technology and
Institutions
(Matthias Finger)
Regulation for
customer protection
and other political
objectives
(Matthias Finger)
Students’
presentation
Apéritif offered by
the Chair MIR
Students’
presentations
Recommended literature for the preparation of the lectures
Monday October 6th 2014
1. Introduction (Finger)
Kessides, I.N. (2004). Reforming Infrastructure: Privatization, Regulation, and
Competition. Washington DC: World Bank and Oxford University Press.
2. Postal services (Finger)
Jaag, Christian (2014). Postal Sector Policy: from Regulation to Competition. Utilities
Policy.
3. Regulatory Economics (Jaag)
Crew, Michael and Paul Kleindorfer (2002). Regulatory Economics: Twenty Years of
Progress? Journal of Regulatory Economics, 21:1, 2-22.
Tuesday October 7th 2014
4. Telecommunications
Parcu, Pier-Luigi and Virginia Silvestri (2014). Electronic Communications
Regulation in Europer: an Overview of Past and Future Problems. Utilities Policy.
5. The European approach to regulation (Finger)
Finger, Matthias and Marc Laperrouza (2011). Liberalization of network industries in
the European Union: evolving political issues. In: Matthias Finger and Rolf Künneke
(Eds.). International Handbook of Network Industries. The Liberalization of
Infrastucture. Cheltenham: Edward Elgar, pp.345-365.
6. The US approach to regulation (Beecher)
Beecher, Janice (2013). Economic regulation of utility infrastructure. In: Ingram, G. &
K. Brandt (eds.). Infrastructure and Land Policies. East Lansing, MI: Lincoln Institute
of Land Policy, pp.87-122.
Wednesday October 8th 2014
7. Institutional Economics (Künneke).Williamson, Oliver E., 1998. Transaction Cost
Economics: How It Works, Where It Is Headed. De Economist, 146(1), 23-58.
8. Beyond markets and hierarchies (Künneke) Ostrom, Elinor, 2005, Doing Institutional
Analysis: Digging Deeper Than markets and Hierarchies. In: Claude Ménard and
Mary M. Shirley (Eds.), Handbook of New Institutional Analysis. Springer,
Dordrecht, pp. 819-848.
9. Spiller, Pablo and Mariano Tommasi (2005). The institutions of regulation: an
application to public utilities. In: Ménard, Claude and Mary Shirley (eds.). The
Handbook of New Institutional Economics. New York: Springer, pp.515-5
Thursday October 9th 2014
10. Electricity (Finger)
Glachant, Jean-Michel and Sophia Ruester (2014). The EU Internal Electricity
Market: Done Forever? Utilities Policy.
11. Firm Behavior Under Regulation (Finger)
Finger, Matthias and Carole Rentsch (2014). Yes, May, May Be: the Ambiguous
Relation of State-Owned Enterprise with the State. Submitted to the Journal of
Economic Policy Reform.
12. Conceptual elements (Finger)
Crettenand, Nicolas and Matthias Finger (2013). The alignment between institutions
and technologies in network industries (with Nicolas Crettenand). Competition and
Regulation in Network Industries, Vol.14, No.2, pp. 106-129.
5
Friday October 10th 2014
13. Air Transport (Finger)
Baumgartner, Marc and Matthias Finger (2014). European Air Transport
Liberalization: Possible ways out of the Single European Sky Gridlock. Utilities
Policy.
14. Railways (Finger)
Finger, Matthias (2014). Governance of Competition and Performnance in European
Railways: an Analysis of five Cases. Utilities Policy.
15. Regulation for Consumer Protection (Finger)
Finger, Matthias and Dominique Finon (2011). From “Service Public” to Universal
Service: the case of the European Union. In: Matthias Finger and Rolf Künneke
(Eds.). International Handbook of Network Industries. The Liberalization of
Infrastucture. Cheltenham: Edward Elgar, pp.54-69.
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Journals
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Competition and Regulation in the Network Industries
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Energy Policy
International Journal of Regulation and Governance
Journal of Institutional Economics
Journal of Regulatory Economics
Review of Network Industries
Review of Network Economics
Risk and Regulation
Telecom Policy
Transportation Policy
Utilities Policy
Yale Journal on Regulation
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