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  3. Regulations, Institutions, and Commitment
  • Cited by 235
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    • Publisher:
      Cambridge University Press
      Publication date:
      05 June 2012
      28 August 1996
      ISBN:
      9781139174589
      9780521550130
      9780521559966
      DOI:
      https://doi.org/10.1017/CBO9781139174589
      Dimensions:
      (228 x 152 mm)
      Weight & Pages:
      0.56kg, 312 Pages
      Dimensions:
      (228 x 152 mm)
      Weight & Pages:
      0.426kg, 312 Pages
      • Subjects:
      Economics, Political Economy, Politics and International Relations, Economic Development and Growth
      Series:
      Political Economy of Institutions and Decisions
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    Subjects:
    Economics, Political Economy, Politics and International Relations, Economic Development and Growth
    Series:
    Political Economy of Institutions and Decisions
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    Book description

    The book assesses the impact of core political and social institutions on regulatory structures and performance in the telecommunications industry in Jamaica, the United Kingdom, Chile, Argentina, and the Philippines. These core institutions are shown to influence strongly the credibility and effectiveness of regulation, and thus its ability to encourage private investment and support efficiency. Currently, privatization and regulatory reform are often viewed as the solution to the problem of poor performance by telecommunications and other public utilities. This volume argues that these high expectations may not always be met because of the way a country's political and social institutions - its executive, legislative and judicial systems, its informal norms of public behaviour - interact with regulatory processes and economic conditions. In some environments, regulatory solutions run counter to the prevailing wisdom: achieving credible commitment may require an inflexible regulatory regime, and sometimes public ownership of utilities may be the only feasible alternative.

    Reviews

    "...the book is of interest not only for telecommunications economists with the conclusions reached being of relevance for other regulated industries as well." Pio Baake, Journal of Institutional & Theoretical Economics

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