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Regulatory Quality in EU Network Industries: Evidence on Telecommunications, Gas, Electricity and Rail Transport

Ugur, Mehmet. (2007) Regulatory Quality in EU Network Industries: Evidence on Telecommunications, Gas, Electricity and Rail Transport. In: UNSPECIFIED, Montreal, Canada. (Unpublished)

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    Abstract

    Over the last decade, market opening in EU network industries has been accompanied by the emergence of an EU-level regulatory framework. The theoretical literature on regulation predicts regulatory capture, which is due to information asymmetries, agency problems and high levels of transaction costs. Regulatory capture, in turn, is conducive to sub-optimal levels of prices, investment, environmental protection, and affordability/accessibility. Given this background, this article aims to examine the quality of regulation in EU network industries, with a view to assess the optimality of the European regulatory framework that combines both national- and EU-level regulation. The data is obtained from EU Commission sources, reports of European regulators, and the Market Opening Milestones database of Copenhagen Economics. The paper examines both ex ante and ex post indicators of regulatory quality in EU network industries. The ex ante assessment is based on indicators of regulatory competence and institutional strength derived from existing legislation. The ex post assessment is based on indicators such as market structure, prices, and customer switching, etc. that are affected by the quality of the regulatory framework. The paper also elaborates on the interaction between national- and EU-level regulation, and the implications of the two-tier system for the overall regulatory quality in network industries.

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    Item Type: Conference or Workshop Item (UNSPECIFIED)
    Uncontrolled Keywords: Regulation, regulatory quality, public policy, network industries.
    Subjects for non-EU documents: EU policies and themes > Policies & related activities > transport policy
    EU policies and themes > Policies & related activities > consumer protection policy
    EU policies and themes > Policies & related activities > energy policy
    EU policies and themes > Policies & related activities > telecommunication policy
    EU policies and themes > Policies & related activities > regulations/regulatory policies
    Subjects for EU documents: UNSPECIFIED
    EU Series and Periodicals: UNSPECIFIED
    EU Annual Reports: UNSPECIFIED
    Conference: European Union Studies Association (EUSA) > Biennial Conference > 2007 (10th), May 17-19, 2007
    Depositing User: Phil Wilkin
    Official EU Document: No
    Language: English
    Date Deposited: 20 Jun 2008
    Page Range: p. 32
    Last Modified: 15 Feb 2011 17:51
    URI: http://aei.pitt.edu/id/eprint/8052

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