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The Implementation and the Effects of Regulatory Reform: Past Experience and Current Issues

Author

Listed:
  • Rauf Gönenç
  • Maria Maher
  • Giuseppe Nicoletti
Abstract
This paper reviews trends, outcomes and issues in regulatory reform in OECD countries. First, it summarises the evidence on the evolution of regulatory environments and the economy-wide and sectoral effects of reforms (including privatisation) in both competitive and non-competitive industries in the past two decades. Turning to network industries, it then discusses the main policy issues raised by the need to adapt the regulation of the noncompetitive segments of these industries to increasing competition in liberalised markets. It focuses on four topics that dominate the debate over regulatory reform: i) the move from command-and-control to incentive-based regulatory approaches based on the removal of entry barriers in competitive markets, the adoption of price-cap mechanisms and the design of efficient and competitively-neutral charges for accessing the fixed networks of incumbents; ii) the pros and cons of structural measures such as privatisation, and vertical and horizontal ... Cet article décrit les tendances et les résultats de la réforme de la réglementation dans les pays de l’OCDE. En premier lieu il résume l'évolution de l’environnement réglementaire et les effets globaux et sectoriels des réformes (privatisation y compris) dans des industries concurrentielles et non compétitives au cours des deux dernières décennies. Se concentrant sur les industries de réseau, il aborde alors les principales questions de politique économique soulevées par la nécessité d'adapter la réglementation des segments non compétitifs de ces industries à la concurrence croissante sur les marchés libéralisés. Il se focalise sur les quatre éléments qui dominent le débat de la réforme de la réglementation: i) le passage d’un régime axé sur les interventions et le contrôle à une approche fondée sur les incitations basées sur la suppression des barrières à l’entrée sur les marchés concurrentiels, l'adoption de mécanismes de prix plafond et l’introduction de tarifications ...

Suggested Citation

  • Rauf Gönenç & Maria Maher & Giuseppe Nicoletti, 2000. "The Implementation and the Effects of Regulatory Reform: Past Experience and Current Issues," OECD Economics Department Working Papers 251, OECD Publishing.
    • Handle: RePEc:oec:ecoaaa:251-en
    DOI: 10.1787/413754754615
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    Keywords

    competition policy; industrie de réseau; liberalisation; libéralisation; network industries; politique de la concurrence; privatisation; privatisation; regulation; regulatory reforms; réforme de la réglementation; réglementation;
    All these keywords.

    JEL classification:

    • K23 - Law and Economics - - Regulation and Business Law - - - Regulated Industries and Administrative Law
    • L43 - Industrial Organization - - Antitrust Issues and Policies - - - Legal Monopolies and Regulation or Deregulation
    • L50 - Industrial Organization - - Regulation and Industrial Policy - - - General
    • L51 - Industrial Organization - - Regulation and Industrial Policy - - - Economics of Regulation
    • L9 - Industrial Organization - - Industry Studies: Transportation and Utilities

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