Regulatory Reform , Development and Distributive Concerns

نویسندگان

  • Francesc Trillas
  • Gianandrea Staffiero
چکیده

This survey reviews the relationship between regulation and distribution, focusing on regulatory reform in developing countries. The characteristics of these countries impose constraints on appropriate regulatory policies. These constraints condition i) the terms of the tradeoff between firms’ rents and efficiency, including the commitment problem in the presence of sunk investments, and ii) the probability of success in removing cross subsidies. The choices made when reforming infrastructure industries may have a significant impact on perceived distribution and development, and this impact will drive attitudes towards reform. Distributive problems are channeled through politics and institutions, conditioning the potential solutions to the commitment problem. These issues have been extensively explored by the academic literature, and provide guidance on how to address second generation regulatory reforms. * Universitat Autònoma de Barcelona ** Post-Doctoral Research Fellow, IESE Clasificación JEL: L5, O12.

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تاریخ انتشار 2007