Six Choices in Regulatory Models for Brazil

INTRODUCTION A nation contemplating the restructuring of an infrastructure industry, and/or the market within which it operates, must make a concurrent decision regarding the nature of the regulatory regime that will be superimposed on the restructured industry. This decision is essential while making a choice of whether to have state ownership to investor ownership, or whether to retain a monopoly or move to competition. While the precise structure of the industry itself, or of the market within which it operates, may be altered, the overall public policy goals that are sought from the industry do not necessarily change.