Regulating Public Services

Emmanuelle Auriol is Professor of Economics at the Toulouse School of Economics. Throughout the years she has received several awards for her research on regulation, industrial organization and development economics. Claude Crampes is Professor Emeritus of Economics at the Toulouse School of Economics. He has worked as an advisor for energy utilities and regulators in Europe. Antonio Estache is Professor of Economics at the Université libre de Bruxelles and a member of the ECARES research center. Prior to that, he worked at the World Bank for twenty years, on public sector policies.

• 1. Introduction; 2. Defining a theoretical normative benchmark; 3. Thinking like a monopoly about price and output; 4. Regulating a monopoly with full information; 5. Regulating under informational constraints; 6. Regulatory rules to set the average price; 7. Linking regulatory theory to practice through finance; 8. Nonlinear pricing in regulation; 9. Social concerns in regulatory design; 10. Regulating quality; 11. On the regulation of investment; 12. Regulating multiproduct oligopolies; 13. Abuse of market power in (de)regulated industries; 14. On the relevance of institutional quality; 15. Emerging regulatory challenges.

'This superb book brings together – in a rigorous and pedagogical way – the academic knowledge and real-world challenges and solutions to the regulation of sectors that constitute an essential part of our economies. In our politically and socially uncertain times, it is particularly useful in thoroughly addressing the efficiency, equity and political acceptability of regulatory systems, as well as their fiscal and institutional constraints.' Mathias Dewatripont, Professor of Economics, Université Libre de Bruxelles and Honorary Vice-Governor, National Bank of Belgium