This article provides empirical evidence on ex ante and ex post indicators of regulatory quality and the relationship between those indicators and market performance in liberalised EU-15 network industries. We report a low level of regulatory independence and competence, a high level of...

The opening of network industries to competition is a long-running issue of economic policy in the European Union since the mid 1990s. In an effort to contribute to the vivid exchange between academics and policy makers, the three chapters of this volume are focusing on current topics in the...