The political economy of international regulatory convergence in public utilities
AbstractTo what extent should public utilities regulation be expected to converge across countries? When it occurs, will it generate good outcomes? Building on the core proposition of the New Institutional Economics that similar regulations generate different outcomes depending on their fit with the underlying domestic institutions, we develop a simple model and explore its implications by examining the diffusion of local loop unbundling (LLU) regulations. We argue that: one should expect some convergence in public utility regulation but with still a significant degree of local experimentation; this process will have very different impacts of regulation.
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Bibliographic InfoArticle provided by Inderscience Enterprises Ltd in its journal Int. J. of Management and Network Economics.
Volume (Year): 1 (2009)
Issue (Month): 2 ()
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Web page: http://www.inderscience.com/browse/index.php?journalID==259
regulatory convergence; telecommunications; unbundling regulations; political economy; public utilities; public utility regulation; regulation impacts; local impact.;
Other versions of this item:
- Bonardi, Jean-Philippe & Urbiztondo, Santiago & Quelin, Bertrand, 2008. "The political economy of international regulatory convergence in public utilities," MPRA Paper 14435, University Library of Munich, Germany.
- K2 - Law and Economics - - Regulation and Business Law
- F42 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - International Policy Coordination and Transmission
- F5 - International Economics - - International Relations and International Political Economy
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