Tópicos de Economía de la Regulación de los Servicios Públicos

Gustavo Ferro and Omar Chisari

Working Papers from HAL

Abstract: Competitive markets could yield socially optimum results, but although market fail in many cases. If the regulation is successful in generating competition or in replicating its incentives, the next problem to solve is to face the inherent tendency of the competition dynamic toward concentration, cartelization or monopolization of the markets. Mechanisms to ensure or to preserve competition gain importance. Regulation could be conceived as an evolutionary process starting in natural monopoly regulation and ending in competition policy. In many cases, competition is infeasible with the current state of the technology (such as in water and sanitation), whether in other infrastructure sectors it can be possible (such as in segments of telephony or power generation. Regulation is compatible with state provision, and there can be separated the provision, control and supervision of the providers, even when the former are in public hands. Normally tariffs are regulated in infrastructure sectors, also quality and safety standards. Regulation nevertheless is a second best device, since it is costly. We develop a list of topics on market failures, natural monopoly, information problems, different kind of regulatory mechanisms, access prices, the basic Ramsey model of prices, applied to regulation, universal service obligation, the quality of product and service regulation, cost of capital in regulated industries, efficiency and benchmarking, and we conclude discussing the link between infrastructure and growth.

Keywords: regulación; infraestructura; regulation; infrastructure (search for similar items in EconPapers)
Date: 2010-04-13
Note: View the original document on HAL open archive server: https://hal.science/hal-00473038
References: Add references at CitEc
Citations: View citations in EconPapers (2)

Downloads: (external link)
https://hal.science/hal-00473038/document (application/pdf)

Related works:
Working Paper: Tópicos de Economía de la Regulación de los Servicios Públicos (2011)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:hal:wpaper:hal-00473038

Access Statistics for this paper

More papers in Working Papers from HAL
Bibliographic data for series maintained by CCSD ().