-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 …

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 …

This paper uses the OECD’s indicators of product market regulation (PMR) to assess the extent to which the regulatory … restrictive, which provides considerable scope for reaping gains from bringing regulation into line with international best …

the United States, is that the heavy regulation of Europe reduces its growth. Using newly assembled data on regulation in … several sectors of many OECD countries, we provide substantial and robust evidence that various measures of regulation in the …