Better Economic Regulation, The Role of the Regulator
EAN13
9789282103272
Éditeur
"Éditions OECD"
Date de publication
Langue
anglais
Fiches UNIMARC
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Better Economic Regulation

The Role of the Regulator

"Éditions OECD"

Livre numérique

  • Aide EAN13 : 9789282103272
    • Fichier PDF, avec Marquage en filigrane
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Efficient provision of transport infrastructure is critical to economic
growth. The long asset lives of much transport infrastructure indicates
governance through regulation, rather than through contract or public
ownership. This can ensure predictability in long-term relationships whilst
preserving some flexibility to deal with changes in external circumstances.

The transparency created by a fully independent regulator is invaluable for
ensuring sufficient investment is forthcoming, while maintaining reasonable
conditions for user access. Discussion at the Roundtable focussed on how to
achieve effective independent regulation and how to reconcile independence
with the legitimate control of policy by the executive part of government.

Independent regulation is not seen as a universal default governance
arrangement. Much of the discussion focused on when to regulate and when to
rely on competition, even if imperfect, to drive efficiency. The discussions
underscored that there are opportunities to improve performance significantly
in the aviation, rail and road sectors, by learning from successful experience
in improving governance structures in a range of countries.
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