Competition in network industries faces particular problems which are analyzed from both a theoretical and policy perspective. While transformation policies create opportunities for liberalization in Eastern Europe and Russia the latter shows critical problems in ending monopoly and state ownership.

Table of Content.- I. Deregulation and Market Dynamics in Telecommunications.- A: Competition, Privatization and Foreign Direct Investment in Network Industries.- B: Privatisation, Competition and Regulation in Transforming Economies: The Cases of the Electricity Supply Industry and Telecommunications.- C: Deregulation, Privatization and Internationalization of European Telecoms Markets.- D: Full Competition in Telecommunications: The Experience of Finland.- E: Full Competition in Telecommunications: The US Perspective.- F: Market Entry in the Presence of a “Dominant” Network Operator in Telecommunications.- G: Electricity Companies and Railway Networks as Newcomers in Telecommunications.- H: Liberalization of Telecommunications in Central Europe.- I: Regulation of the Telecommunication Sector in Russia: Direct Foreign Investments and Options for Competition.- J: Systemic Transformation and Direct Foreign Investment in Russia: Problems and Solutions.- K: The Role of Foreign Investment in the Russian Internet.- L: Panel Discussion: Competition in European Telecommunications and Market Perspective.- II. Liberalizing the Energy Sector.- M: Vertical Integration in the Electricity Supply Industry: Competition and Investment Issues.- N: Privatization and Modernization of the Electricity Sector in the CEE Transition Countries.- O: Russian Electricity Industry: Towards Market Economics.- P: Restructuring Infrastructure in Transition Economies.- Q: Lessons from Restructuring the Energy Sector in East Germany.- III. Changes in the Transportation Sector.- R: The Regulation of the Privatised Railways in Britain.- S: Russian Railway and Transportation.- T: Intramodal Competition and the Reform of the German Railway System: Problems, Policy Options and Results.- U: MaterialIntensity of Transportation and Implications for Sustainable Mobility in Europe.- V: The Transport Multimodal — European Transport Network.- Trans-European Networks and Fiscal Federalism: The Rationale of European Infrastructure Policy.- W: Panel Discussion: Transportation and Electricity Networks: Financing Infrastructure Investments in Europe and Russia.- List of contributors.