Jean Tyrol: the contribution to the practice markets regulation
Journal Title: Visnyk Ternopilskoho natsionalnoho ekonomichnoho universytetu - Year 2016, Vol 1, Issue
Abstract
The article reveals the essence and meaning of Regulation of proposed J. Tirol – the Nobel laureate of economics for 2014. Giving the great accent to the need of optimal regulation for large companies, taking into account the specific branch of industry and the level of monopolization that will encourage that great companies to become more powerful and productive while the damage of the other market participants and consumers will be minimized. It has been exposed the mechanism of cooperation between the powerful firms with the state regulators and preference and deficiency of introducing the maximum of price banning or encouragement of the horizontal and vertical integration. The introduction itself of such regulating instruments will promote to the effective regulation of the monopolies in the financial, telecommunications or transport sectors. It is pointed out to the positive aspects of the monopolies that can fund strategic research projects and by this way improve the technological and marketing effectiveness. It is also pointed to expedient and feasible pricing models to be accepted in the various branch of economy at any price forms under the condition asymmetric information and the firm “bilateral markets.” The using of a common platform for the “bilateral markets” with the external network effects for the different groups of users through specific methods of regulation will make possible to improve the general prosperity of all the participants of the market.
Authors and Affiliations
Oksana Lotysh
Keywords
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