Competition Policy in Regulated Industries: Approaches for Emerging Economies

Cécile Aubert, Jean-Jacques Laffont, Pablo Serra, Diego Bondorevsky, Diego Petrecolla, Alfredo García, Paulina Beato, David Wood, Richard Tomiak, Jaime Millán, Carmen Fuente, Salomé Cisnal de Ugarte and Miguel A. Fernández-Ordóñez

No 309 in IDB Publications (Books) from Inter-American Development Bank

Abstract: During the last decade, Latin American countries have brought about important reforms in infrastructure services based both on private sector participation for enhancing internal efficiency and competition for increasing consumer welfare. Infrastructure services have evolved from monopoly and public ownership setting lacking specific regulations, toward scenarios where private participation prevails, with competition and regulation playing complementary roles. However, even though competition is a pivotal feature in all public service reform processes, a high degree of vertical and horizontal concentration pervades the industrial structure of many countries in the region. Furthermore, mergers and acquisitions taking place in the context of an increasingly global economy, without the appropriate legislation geared at promoting competition and restraining market control, have often led to reduced levels of competition. Competition Policy in Regulated Industries identifies competition problems in infrastructure sectors, discusses legal and structural solutions to them, and provides conceptual and practical approaches for emerging economies.

Keywords: infrastructure; power sector; regional integration; regulation; subsidies; monopolies; competition law; liberalization; deregulation; public utilities; divestiture (search for similar items in EconPapers)
Date: 2002
ISBN: 9781931003360
References: View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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