IDEAS home Printed from https://ideas.repec.org/a/oup/jleorg/v10y1994i2p201-46.html
   My bibliography  Save this article

The Institutional Foundations of Regulatory Commitment: A Comparative Analysis of Telecommunications Regulation

Author

Listed:
  • Levy, Brian
  • Spiller, Pablo T

Abstract

In this article we use transaction cost economics to analyze the determinants of performance of privatized utilities in different political and social circumstances. Case studies are drawn from telecommunications regulation in Argentina, Chile, Jamaica, the Philippines and the United Kingdom. We explore how political institutions interact with regulatory processes and economic conditions in determining the potential for administrative expropriation or manipulation, and hence affect the sector's economic performance. We find that performance can be satisfactory with a wide range of regulatory procedures, as long as arbitrary administrative action can be restrained. We find also that regulatory credibility can be developed in unpropitious environments, that without such commitment long-term investment will not take place, that achieving such commitment may require inflexible regulatory regimes, that in some cases public ownership of utilities is the default mode of organization, and furthermore, that it may be the only feasible alternative. Copyright 1994 by Oxford University Press.

Suggested Citation

  • Levy, Brian & Spiller, Pablo T, 1994. "The Institutional Foundations of Regulatory Commitment: A Comparative Analysis of Telecommunications Regulation," Journal of Law, Economics, and Organization, Oxford University Press, vol. 10(2), pages 201-246, October.
  • Handle: RePEc:oup:jleorg:v:10:y:1994:i:2:p:201-46
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:oup:jleorg:v:10:y:1994:i:2:p:201-46. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Oxford University Press) or (Christopher F. Baum). General contact details of provider: https://academic.oup.com/jleo .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.