Section one of this paper discusses the problem of regulatory design in general terms, but with a special focus on economics in transition. Section two reviews problems of adjustment related to the telecommunications industry and the regulatory framework in which they are being addressed....

Over the last 10-15 years, a new standard model has taken hold for the economic framework for the operation of utilities. The new model has as its core that utility services will be: -provided by a set of commercialised companies; -monopoly (eg network) elements are separated from potentially...

Oftel has now been the regulatory agency for UK telecommunications for over 15 years. The FCC has regulated US telecoms for 67 years. Within the EU, regulatory agencies for telecoms now exist in all 15 EU member states. Over the last 15 years, the UK has seen an increase in the number of...