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The political economy of international regulatory convergence in public utilities

Listed author(s):
  • Bertrand Quélin

    (GREGH - Groupement de Recherche et d'Etudes en Gestion à HEC - HEC Paris - Ecole des Hautes Etudes Commerciales - CNRS - Centre National de la Recherche Scientifique)

  • Jean-Philippe Bonardi
  • Santiago Urbiztondo

To what extent should public utilities regulation be expected toconverge across countries? When it occurs, will it generate good outcomes?Building on the core proposition of the New Institutional Economics thatsimilar regulations generate different outcomes depending on their fit withthe underlying domestic institutions, we develop a simple model and exploreits implications by examining the diffusion of local loop unbundling (LLU)regulations. We argue that¿ one should expect some convergence in public utility regulation but withstill a significant degree of local experimentation¿ this process will have very different impacts of regulation.

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Paper provided by HAL in its series Post-Print with number hal-00491668.

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Date of creation: 2009
Publication status: Published in International Journal of Management and Network Economics, 2009, Vol.1,nº2, pp.232-256. <10.1504/IJMNE.2009.024786>
Handle: RePEc:hal:journl:hal-00491668
DOI: 10.1504/IJMNE.2009.024786
Note: View the original document on HAL open archive server: https://hal-hec.archives-ouvertes.fr/hal-00491668
Contact details of provider: Web page: https://hal.archives-ouvertes.fr/

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  1. Sharun W. Mukand & Dani Rodrik, 2005. "In Search of the Holy Grail: Policy Convergence, Experimentation, and Economic Performance," American Economic Review, American Economic Association, vol. 95(1), pages 374-383, March.
  2. Oecd, 2001. "The Development of Broadband Access in the OECD Countries," OECD Digital Economy Papers 56, OECD Publishing.
  3. Phedon Nicolaides, 2004. "The Political Economy of Multi-tiered Regulation in Europe," Journal of Common Market Studies, Wiley Blackwell, vol. 42(3), pages 599-618, September.
  4. Bonardi, Jean-Philippe & Holburn, Guy & Vanden Bergh, Rick, 2006. "Nonmarket performance: Evidence from U.S. electric utilities," MPRA Paper 14437, University Library of Munich, Germany.
  5. Bennett, Colin J., 1991. "What Is Policy Convergence and What Causes It?," British Journal of Political Science, Cambridge University Press, vol. 21(02), pages 215-233, April.
  6. Tarun Khanna & Joe Kogan & Krishna Palepu, 2006. "Globalization and Similarities in Corporate Governance: A Cross-Country Analysis," The Review of Economics and Statistics, MIT Press, vol. 88(1), pages 69-90, February.
  7. Teske, Paul E, 1991. "Rent-Seeking in the Deregulatory Environment: State Telecommunications," Public Choice, Springer, vol. 68(1-3), pages 235-243, January.
  8. repec:cup:apsrev:v:69:y:1975:i:04:p:1299-1315_24 is not listed on IDEAS
  9. 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.
  10. Eising, Rainer, 2002. "Policy Learning in Embedded Negotiations: Explaining EU Electricity Liberalization," International Organization, Cambridge University Press, vol. 56(01), pages 85-120, December.
  11. Mueller,Dennis C., 2003. "Public Choice III," Cambridge Books, Cambridge University Press, number 9780521894753, March.
  12. Frieden, Jeffry A., 1991. "Invested interests: the politics of national economic policies in a world of global finance," International Organization, Cambridge University Press, vol. 45(04), pages 425-451, September.
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