-of-return regulation is generally thought to result in overinvestment, while incentive regulation is believed to entail underinvestment …. Yet, previous empirical work has generally found that the introduction of incentive regulation has not systematically …-of-return regulation because investment decisions (what can be included in the rate base) are usually evaluated in a discretionary manner …

recurrent cuts in shipments of natural gas from Argentina since 2004 have put additional strain on regulation in the electricity … improvements in the regulation of telecoms would do much to further improve the business climate. The governance of public …

The paper uses a data base on regulation, market structure and performance in the air passenger transportation industry …

new set of quantitative indicators of regulation, we show that the cross-country variation of regulatory settings has … increased in recent years, despite extensive liberalisation and privatisation in the OECD area. We then look at the regulation … the gains are greater the further a given country is from the technology leader, suggesting that regulation limiting ... …

Much scope remains to make regulation of product markets more conducive to competition ? notwithstanding progress in … objectives in energy market regulation could be achieved at lower cost. In the telecommunications industry, competition in the … local loop can be strengthened. Regulation of the liberal professions is among the most restrictive in the OECD. Entry …