Independent Regulators: Theory, Evidence and Reform Proposals
Independent Regulators: Theory, Evidence and Reform Proposals
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独立监管机构:理论、证据和改革建议
DOI:
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发表时间:
2010
期刊:
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通讯作者:
Francesc Trillas
中科院分区:
文献类型:
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作者:
M. Montoya;Francesc Trillas
Regulatory independence has been proposed as a mechanism to alleviate the commitment problem associated to the sunk nature of investments in network industries, including telecommunications. This paper summarizes the authors’ and others’ work in this field (in a pause to take stock of several years of research), shows new data on the practice of regulation in Latin American telecommunications until 2010, and discusses reform proposals for regulatory agencies. The institution of regulatory independence has costs as well as benefits; the positive and significant impact on industry performance is however most likely quantitatively modest. As a result of the empirical evidence and the assessment of the literature, the reform proposals are meant to improve the effectiveness of the institution.