Francesc Trillas () (Universitat de Barcelona & IEB)
Abstract
This article starts by surveying the literature on economic federalism and relating it to network industries. Some new developments (which focus on the role of inter-jurisdictional externalities and multiple objectives) are then added and used to analyze regulatory arrangements in telecommunications and energy in the EU and the US. Although central or federal policy making is more focused and specialized and makes it difficult for more interest groups to organize, it is not clear that under all conditions central powers will not be associated with underinvestment. When technology makes the introduction of competition in some segments possible, the possibilities for organizing the institutional architecture of regulation expand.
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Publisher Info
Paper provided by Institut d'Economia de Barcelona (IEB) in its series Working Papers with number
2008/8.
Find related papers by JEL classification: L50 - Industrial Organization - - Regulation and Industrial Policy - - - General L94 - Industrial Organization - - Industry Studies: Transportation and Utilities - - - Electric Utilities L96 - Industrial Organization - - Industry Studies: Transportation and Utilities - - - Telecommunications L97 - Industrial Organization - - Industry Studies: Transportation and Utilities - - - Utilities: General K23 - Law and Economics - - Regulation and Business Law - - - Regulated Industries and Administrative Law H77 - Public Economics - - State and Local Government; Intergovernmental Relations - - - Intergovernmental Relations; Federalism
References listed on IDEAS Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
Jean-Jacques Laffont & Jerome Pouyet, .
"The Subsidiarity Bias in Regulation,"
series
0001, Dipartimento di Scienze Economiche - Università di Bari.
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