The economics of federalism is a broad discipline with more than five decades of experience. It may shed light on how regulatory jurisdiction is allocated in EU electricity and telecommunications markets. Specifically, this paper assesses the evolution of reform up to and including the third EU...

This paper presents new developments in the economics of federalism to analyze the determinants of specific investments in network industries and the interaction between structural and behavioral regulation. Central or federal policy making is more focused and especialized and makes it more...

This paper presents new data on telecommunications reform for a cross section of countries. We measure telecommunications reform along two dimensions: entry barriers and regulatory independence. This data set is combined with a comprehensive set of performance, institutional and political data...

Evidence is presented on twelve large aquisitions by telecommunications firms in Europe. Although the average effect on acquirers' shareholder value is not significantly different from zero, there is high dispersion in the results. This suggests that detailed studies may uncover important...

Oftel has now been the regulatory agency for UK telecommunications for over 15 years. The FCC has regulated US telecoms for 67 years. Within the EU, regulatory agencies for telecoms now exist in all 15 EU member states. Over the last 15 years, the UK has seen an increase in the number of...

In this paper, we apply several alternative methods previously used in the literature to measure the degree of regulatory independence fortelecommunications regulators. These alternative methods are applied to a new homogeneous data set for 23 Latin American countries overa 15-year period. We...

This paper presents new data on telecommunications reform for a cross section of countries. We measure telecommunications reform along two dimensions: entry barriers and regulatory independence. This data set is combined with a comprehensive set of performance, institutional and political data...