Regulating Public Services - Bridging the Gap between Theory and Practice

Auteur(s) :

Auriol Emmanuelle (Professeure, Toulouse School of Economics (TSE))
Estache Antonio
Crampes Claude

Prix 29,99 £
Editeur : Cambridge University Press
Isbn : 9781108987479
Nombre de pages : 500 pages.
Prix :
Parution : octobre 2021
Public : tous publics

Présentation éditeur

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

Highlights the extent to which regulatory solutions not only need to adapt to the specific information gaps but also to the specific institutional, social and political context in which regulation is designed and implemented

Highlights the relevance for regulatory designs of the evolution of market and ownership structures in regulated industries

Discusses explicitly how relatively easily social concerns can be internalized in the design of regulation

Sommaire :

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.

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