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Regulation of Europe's Network Industries: The Perspective of the New Economic Theory of Federalism

  • Frank Bickenbach

The paper starts with a description of major reforms of EU policy in the network industries. Based on the normative economics of regulation, it then points out generic information and transaction cost problems of regulatory policy making. An appropriate allocation of regulatory competencies may help mitigate these problems. Focusing on the ‘federal’ allocation of competencies it is argued that traditional economic theories of federalism should be complemented by contract-theoretic and transaction-cost-political approaches. There has been some progress in recent years in developing such a ‘new economic theory of federalism’. Basic ideas and some insights of this theory are discussed with regard to the appropriate ‘federal’ allocation of competencies for the regulation of the European network industries.

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File URL: https://www.ifw-members.ifw-kiel.de/publications/regulation-of-europe-s-network-industries-the-perspective-of-the-new-economic-theory-of-federalism/kap977.pdf
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Paper provided by Kiel Institute for the World Economy in its series Kiel Working Papers with number 977.

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Length: 46 pages
Date of creation: Apr 2000
Date of revision:
Handle: RePEc:kie:kieliw:977
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  1. J-J. Laffont & J. Tirole, 1994. "Access Pricing and Competition," Working papers 95-11, Massachusetts Institute of Technology (MIT), Department of Economics.
  2. Grossman, Sanford J & Hart, Oliver D, 1986. "The Costs and Benefits of Ownership: A Theory of Vertical and Lateral Integration," Journal of Political Economy, University of Chicago Press, vol. 94(4), pages 691-719, August.
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  4. Bickenbach, Frank, 1999. "Regulierung und Wettbewerb im Bereich der Netzinfrastrukturen : Begründung, Regeln und Institutionen," Kiel Working Papers 910, Kiel Institute for the World Economy (IfW).
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  12. Hart, Oliver & Moore, John, 1990. "Property Rights and the Nature of the Firm," Journal of Political Economy, University of Chicago Press, vol. 98(6), pages 1119-58, December.
  13. Antonio Estache & J. Cremer & Paul Seabright, 2005. "Decentralizing Public Services: What can we learn from the Theory of the Firm?," ULB Institutional Repository 2013/44017, ULB -- Universite Libre de Bruxelles.
  14. Sauter, Wolf, 1997. "Competition Law and Industrial Policy in the EU," OUP Catalogue, Oxford University Press, number 9780198264934, May.
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  18. Bickenbach, Frank, 1998. "Auf dem Weg zu einer europäischen Wirtschaftsverfassung für Netzinfrastrukturen : Ausgangssituation, Veränderungen und offene Fragen," Kiel Working Papers 896, Kiel Institute for the World Economy (IfW).
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  22. repec:inr:wpaper:153244 is not listed on IDEAS
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