Showing 41 - 50 of 132,244
Regulating infrastructure utilities can be extremely complex and fraught with risks of political interference and capture by interest groups, especially in countries with little tradition of politically independent government agencies. To deal with these challenges, policymakers and regulators...
Persistent link: https://www.econbiz.de/10012556367
In the United States the courts have long been involved in the oversight of regulators. In the United Kingdom, which created its utility regulators from scratch in the 1980s, an alternative system was sought. This system centers on three concerns: the procedure followed by the regulator, the...
Persistent link: https://www.econbiz.de/10012556573
profits. While some analysts have suggested annual profit-sharing regulation, the practical problem is that annual profit …
Persistent link: https://www.econbiz.de/10012556660
The European Union's (EU) energy sector is changing due to major policy reforms. In this article, we examine the impact of major legislative changes which were designed to induce competition in the energy sector: the three liberalization packages. Competition was expected to benefit the industry...
Persistent link: https://www.econbiz.de/10012949854
Utilities regulation in the Member States is always subject to the application of EC competition law. However, this … undermines the effectiveness of utilities regulation and the European Courts should deploy a more flexible standard than that … demarcate the borderline between competition law and sector regulation but a case-by-case assessment should be carried out to …
Persistent link: https://www.econbiz.de/10014214385
powers. In addition, the extensive use of price cap rather than rate-of-return regulation. A difference is that, arguably …
Persistent link: https://www.econbiz.de/10013126542
This paper explores the similarity of the underlying economic problems that lead to the establishment of (a) independent central banks to operate national monetary policies and (b) independent regulatory agencies for telecommunications and other utility service industries. We show that, in both...
Persistent link: https://www.econbiz.de/10014091599
Persistent link: https://www.econbiz.de/10013550647
Persistent link: https://www.econbiz.de/10013550874
Persistent link: https://www.econbiz.de/10014066487