Regulating Public Services: Bridging the Gap between Theory and Practice

Governments use regulation to control monopolistic behavior in public services, but technological and financial innovations have created new challenges. This book demonstrates that basic regulatory theory and tools can address these challenges in developed and developing economies, including those resulting from financial or political constraints, evolving market structures, and the need to adapt to institutional weaknesses, climate change, and poverty concerns.

Format: Paperback / softback
Length: 500 pages
Publication date: 21 October 2021
Publisher: Cambridge University Press

Governments employ regulation as a tool to curb monopolistic practices in the provision of public services, including electricity, transportation, and water. Since the 1990s, technological and financial innovations have transformed these markets, presenting new regulatory challenges. This book showcases that fundamental regulatory theory and tools can effectively address these contemporary challenges, alongside traditional regulatory issues. The robustness of the theory allows it to guide regulators in diverse contexts, such as those arising from financial or political constraints, evolving market structures, the need to adapt to institutional weaknesses, climate change, and poverty concerns that necessitate regulatory intervention. Serving as a bridge between theory and evolving global practice, this book mobilizes historical lessons to analyze the future of economic regulation.

Weight: 800g
Dimension: 170 x 245 x 29 (mm)
ISBN-13: 9781108987479