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The shift to competition in utility generation is likely to generate "stranded investments," which are wealth transfers between investors and utility ratepayers. Stranded investments can take either of two forms: (1) "stranded costs" are a transfer from investors to ratepayers that occur when...
Persistent link: https://www.econbiz.de/10014087515
. First, sector-specific regulation can be used to address market failures, such as, for instance, the presence of bottlenecks … of this paper will be on ex ante regulation. There is indeed considerable debate regarding the regulatory framework …-handed approach to regulation. Pursuant to this view, the forthcoming postal directive should only provide for minimal regulatory …
Persistent link: https://www.econbiz.de/10014057544
Three decade ago, federal policymakers - Republicans and Democrats - embarked on a general strategy of deregulation in the electricity, gas delivery, and telecommunications industries. The strategy called for restructuring to separate production from the transmission and distribution, followed...
Persistent link: https://www.econbiz.de/10014047844
The Telecommunications Act of 1996 has yielded more litigation and less local competition than its supporters expected or intended. Calls for its reform are multiplying. The article diagnoses the 1996 Act's failings and prescribes a framework for reform. The successful deregulations of the...
Persistent link: https://www.econbiz.de/10014068712
The paper addresses the question of pricing access to the network facilities of an incumbent firm after deregulation. Network access pricing continues to be regulated in such industries as telecommunications, railroads, electric power and natural gas. We emphasize that access prices should be...
Persistent link: https://www.econbiz.de/10014035273
Better regulation is intended to serve as a framework to increase economic competitiveness, ensuring that legislation … energy efficiency of consumer electronics). The United Kingdom was an early mover in better regulation, implementing a … regulator conduct impact assessments. In the Republic of Ireland the government adopted a white paper on better regulation and …
Persistent link: https://www.econbiz.de/10014197662
under competition law-based sector governance (the period from 1987 to 2001) and under industry-specific regulation (2001 to …-specific regulation, however, transfers to consumers appear to have reduced, transaction costs have increased and delays are being …
Persistent link: https://www.econbiz.de/10014215707
This paper seeks to assess the impact of liberalisation and privatisation on performance in the generation segment of the electricity supply industry. Regulatory indicators for a panel of 19 OECD countries over a 10 year time period were constructed to examine the influence of regulatory reform...
Persistent link: https://www.econbiz.de/10014159678
Technological and marketplace convergence in Information, Communications and Entertainment ("ICE") has contributed to the merger of conduit and content. Yet laws, regulations and trade policies assume a separation between the delivery of content and the creation of the content. For example, the...
Persistent link: https://www.econbiz.de/10014117059
The objective of this study is to map the landscape of transnational private regulation (TPR) in professional services …. Transnational private regulation in professional services examines the emerging body of rules created by private actors in a manner …
Persistent link: https://www.econbiz.de/10013101182