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Independence of a Regulatory Institution - a Means to Alleviate Credibility Problems in the CEE Countries

Author

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  • Gabor Virag

Abstract

In Hungary and the Central-European region, state regulation has been at the forefront of interest since the beginning of the economic transition. Among the many interesting questions raised, we would like to analyze the problem of building an appropriate regulatory system allowing the industry to operate efficiently from a social point of view. We use the term "regulatory system" for the description of decision rights. A particular regulatory system amounts to the allocation of decision rights between the different actors in a regulatory game (regulatory agency, government, courts, consumer organizations, competition office). We do not propose a specific incentive scheme, which must be enforced (and is enforceable), instead we concentrate on the possible enforcement mechanisms.

Suggested Citation

  • Gabor Virag, 1999. "Independence of a Regulatory Institution - a Means to Alleviate Credibility Problems in the CEE Countries," CASE-CEU Working Papers 0034, CASE-Center for Social and Economic Research.
  • Handle: RePEc:sec:ceuwps:0034
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    File URL: https://case-research.eu/upload/publikacja_plik/69748_CEU-CASE34.pdf
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    References listed on IDEAS

    as
    1. Stanislaw Gomulka & Marek Styczen, 1999. "Estimating the Impact of the 1999 Pension Reform in Poland, 2000 - 2050," CASE-CEU Working Papers 0027, CASE-Center for Social and Economic Research.
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    Keywords

    credibility; Hungary;

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