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Exploring the Use of Control Theory to Describe and Assess the UK’s Postal Regulatory Framework, Including Lessons That Can Be Learnt and Applied from This Tool for Regulation

In: Postal Strategies

Author

Listed:
  • Matthew R. Thomas

    (Ofcom)

  • Philip Groves

    (Ofcom)

Abstract

Control theory can be defined as a dynamic system where system inputs can be controlled to give a desired output, potentially by using feedback loops that characterize a ‘closed’ system. The aim of the paper is threefold: first, to use control theory to develop a model which describes the UK’s postal regulatory framework, with reference to other regulatory frameworks such as telecommunications; second, to investigate how such a model can be used to help design, evaluate, and communicate how postal regulatory frameworks work; and third, to identify strengths and weaknesses of such an approach. The findings of this paper suggest that it is an effective analytical, design, and communication tool that can be applied to both postal regulation and other sectors. It also notes that control theory should be seen as complimentary to existing methods of regulation rather than as a replacement. Finally, the paper sets out a number of potential areas for future work.

Suggested Citation

  • Matthew R. Thomas & Philip Groves, 2023. "Exploring the Use of Control Theory to Describe and Assess the UK’s Postal Regulatory Framework, Including Lessons That Can Be Learnt and Applied from This Tool for Regulation," Topics in Regulatory Economics and Policy, in: Pier Luigi Parcu & Timothy J. Brennan & Victor Glass (ed.), Postal Strategies, pages 327-342, Springer.
    • Handle: RePEc:spr:topchp:978-3-031-25362-1_24
    DOI: 10.1007/978-3-031-25362-1_24
    as

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