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Competition and Regulation Reforms in Spain in 2013: The CNMC - An International Perspective

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  • Xifré, Ramon

    (Universitat Pompeu Fabra)

Abstract

This paper reviews, from an applied, policy-oriented point of view, the process of the creation of the new macro regulator in Spain, the CNMC, which concluded at the end of 2013. The institutional reform merged the competition authority with practically all sector regulators (except for the financial regulator). The aim is to ascertain in which respects the Spanish reform is approaching, or deviating, from international best practices in the matter. Although there is no universally superior model in terms of specific institutional arrangements, there is enough knowledge on similar episodes of institutional reform to state that, in the Spanish case, important shortcomings remain with the proposal that has finally been adopted. The paper also deals with a non-institutional dimension of the reform: the regulatory and competition competences that, in the midst of the CNMC process, the Spanish government has recovered for itself.

Suggested Citation

  • Xifré, Ramon, 2015. "Competition and Regulation Reforms in Spain in 2013: The CNMC - An International Perspective," IESE Research Papers D/1108, IESE Business School.
    • Handle: RePEc:ebg:iesewp:d-1108
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    File URL: http://www.iese.edu/research/pdfs/WP-1108-E.pdf
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    References listed on IDEAS

    as
    1. Vives, Xavier (ed.), 2009. "Competition Policy in the EU: Fifty Years on from the Treaty of Rome," OUP Catalogue, Oxford University Press, number 9780199566358.
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    More about this item

    Keywords

    CNMC; Regulators; Competition authorities; Institutional reforms;
    All these keywords.

    JEL classification:

    • K21 - Law and Economics - - Regulation and Business Law - - - Antitrust Law
    • K23 - Law and Economics - - Regulation and Business Law - - - Regulated Industries and Administrative Law
    • L40 - Industrial Organization - - Antitrust Issues and Policies - - - General
    • L50 - Industrial Organization - - Regulation and Industrial Policy - - - General

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