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The political economy of international regulatory convergence in public utilities

Author

Listed:
  • Jean-Philippe Bonardi
  • Santiago Urbiztondo
  • Bertrand V. Quelin

Abstract

To 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.

Suggested Citation

  • Jean-Philippe Bonardi & Santiago Urbiztondo & Bertrand V. Quelin, 2009. "The political economy of international regulatory convergence in public utilities," International Journal of Management and Network Economics, Inderscience Enterprises Ltd, vol. 1(2), pages 232-256.
    • Handle: RePEc:ids:ijmnec:v:1:y:2009:i:2:p:232-256
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    Cited by:

    1. Barun, Tereza, 2019. "Fixed Internet Access Regulatory Framework and its Influence on Firm's Strategic Decision Making," 7th International OFEL Conference on Governance, Management and Entrepreneurship: Embracing Diversity in Organisations (Dubrovnik, 2019), in: 7th International OFEL Conference on Governance, Management and Entrepreneurship: Embracing Diversity in Organisations. April 5th - 6th, 2019, Dubrovn, pages 298-318, Governance Research and Development Centre (CIRU), Zagreb.
    2. Boute, Anatole, 2012. "Promoting renewable energy through capacity markets: An analysis of the Russian support scheme," Energy Policy, Elsevier, vol. 46(C), pages 68-77.

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    JEL classification:

    • 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, National Security, and International Political Economy

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