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New approaches to regulating utilities

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  • David Tobón Orozco

    ()

Abstract

The importance of an adequate normative framework in Public Service Enterprises is crucial when the management of failures of governmental institutions have been derived in schemes of corporatisation, privatization and promotion of the competitive forces, all of which do not guarantee economic success by themselves. On these grounds, the basic regulation goals, price control and competence, are being approached. To star with the institucional problem of regulation and the search of an equilibrium between incentives and directives are studied. Afterwards, the implications of price control (price cap), price schemes growing worldwide and recently applied in Colombia, and the implementation of alternatives inside the same trend are analyzed. At the same time, we keep dealing with the entrance problem, the potential competence and disputable markets in order to offer policy recommendations to the regulatory institutions.

Suggested Citation

  • David Tobón Orozco, 1999. "New approaches to regulating utilities," Grupo Microeconomía Aplicada 014, Universidad de Antioquia, Departamento de Economía.
  • Handle: RePEc:lde:grupom:014
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    Keywords

    economics regulation; public enterprises; structure; behavior.;

    JEL classification:

    • L43 - Industrial Organization - - Antitrust Issues and Policies - - - Legal Monopolies and Regulation or Deregulation
    • L44 - Industrial Organization - - Antitrust Issues and Policies - - - Antitrust Policy and Public Enterprise, Nonprofit Institutions, and Professional Organizations
    • L51 - Industrial Organization - - Regulation and Industrial Policy - - - Economics of Regulation

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