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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...
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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...
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profits. While some analysts have suggested annual profit-sharing regulation, the practical problem is that annual profit …
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-cap incentive regulation, independent regulatory agencies and an emphasis on introducing competition where possible. For each …, and these weaknesses call for a model of regulation designed specifically to address them …
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London Business School, which provides an up-to-date review of the state of utility regulation in Britain, with some relevant … significant developments in the field of regulation and competition policy. In each case, essays by expert contributors are … involved in monopoly regulation, regulatory reform and deregulation …
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