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Abstract

To what extent should public utilities regulation be expected to converge across countries? When itoccurs, will regulatory convergence lead to positive outcomes for utility sectors? This paper attempts toprovide new answers to these questions. Building on the core proposition of the New InstitutionalEconomics NIE that similar regulations generate different outcomes depending on their fit with theunderlying domestic institutions, we develop a simple theoretical model and explore its implications byexamining the diffusion of local loop unbundling LLU regulations in the telecommunications sector. Wefind support for the ideas 1 that once institutional factors are taken into account, one should expectsome convergence in public utility regulation but with still a significant degree of local experimentation,and 2 this process will lead to very different results regarding the impact of regulation.



Item Type: MPRA Paper -

Original Title: The political economy of international regulatory convergence in public utilities-

Language: English-

Keywords: Regulatory convergence, lobbying, utilities-

Subjects: K - Law and Economics > K2 - Regulation and Business LawF - International Economics > F4 - Macroeconomic Aspects of International Trade and Finance > F42 - International Policy Coordination and TransmissionF - International Economics > F5 - International Relations, National Security, and International Political Economy-





Autor: Bonardi, Jean-Philippe

Fuente: https://mpra.ub.uni-muenchen.de/14435/



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