Consistent Regulation of Infrastructure Businesses: Some Economic Issues

Flavio Menezes

No 372, Discussion Papers Series from University of Queensland, School of Economics

Abstract: This paper examines some important economic aspects associated with the notion that consistency in the regulation of infrastructure businesses is a desirable feature. It makes two important points. First, it is not easy to measure consistency. In particular, one cannot simply point to different regulatory parameters as evidence of inconsistent regulatory policy. Second, even if one does observe consistency emerging from decisions made by different regulators, it does not necessarily mean that this consistency is desirable. It might be the result, at least partially, of career concerns of regulators.

Date: 2008
New Economics Papers: this item is included in nep-reg
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Journal Article: Consistent Regulation of Infrastructure Businesses: Some Economic Issues* (2009)
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Persistent link: https://EconPapers.repec.org/RePEc:qld:uq2004:372

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