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Regulatory federalism in network industries

Francesc Trillas ()
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Francesc Trillas: Universitat de Barcelona & IEB

No 2008/8, Working Papers from Institut d'Economia de Barcelona (IEB)

Abstract: This article starts by surveying the literature on economic federalism and relating it to network industries. Some new developments (which focus on the role of inter-jurisdictional externalities and multiple objectives) are then added and used to analyze regulatory arrangements in telecommunications and energy in the EU and the US. Although central or federal policy making is more focused and specialized and makes it difficult for more interest groups to organize, it is not clear that under all conditions central powers will not be associated with underinvestment. When technology makes the introduction of competition in some segments possible, the possibilities for organizing the institutional architecture of regulation expand.

Keywords: Regulation; federalism; network industries. (search for similar items in EconPapers)
JEL-codes: H77 K23 L50 L94 L96 L97 (search for similar items in EconPapers)
Pages: 75 pages
Date: 2008
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Citations: View citations in EconPapers (16)

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