Regulating Public Services

Bridging the Gap between Theory and Practice

Häftad, Engelska, 2021

AvEmmanuelle Auriol,Claude Crampes,Antonio Estache,Antonio (Universite Libre de Bruxelles) Estache

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Regulation is one of the tools used by governments to control monopolistic behaviour in the provision of public services such as electricity, transport or water. Technological and financial innovations have changed these public services markets since the 1990s, bringing new regulatory challenges, including technological and financial ones. This book demonstrates that basic regulatory theory and tools can address these new challenges, in addition to more traditional regulatory issues, both in developed and developing economies. The theory covered in the book is robust enough to guide regulators in multiple contexts, including those resulting from the effects of financial or political constraints, evolving market structures or the need to adapt to institutional weaknesses, climate change and poverty concerns that demand regulatory intervention. A bridge between theory and an evolving global practice, this book mobilizes the lessons of the past to analyse the future of economic regulation.

Produktinformation

Utgivningsdatum2021-10-21
Mått168 x 244 x 25 mm
Vikt800 g
FormatHäftad
SpråkEngelska
Antal sidor456
FörlagCambridge University Press
ISBN9781108987479

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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