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The political economy of international regulatory convergence in public utilities

Author

Listed:
  • 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

Abstract

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.

Suggested Citation

  • Bertrand Quélin & Jean-Philippe Bonardi & Santiago Urbiztondo, 2009. "The political economy of international regulatory convergence in public utilities," Post-Print hal-00491668, HAL.
  • 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
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    References listed on IDEAS

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    1. Oecd, 2001. "The Development of Broadband Access in the OECD Countries," OECD Digital Economy Papers 56, OECD Publishing.
    2. 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.
    3. 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.
    4. 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.
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    8. 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.
    9. 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.
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    Cited by:

    1. 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.

    More about this item

    Keywords

    unbundling; regulatory convergence; telecommunications; unbundling.;

    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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