EconStor >
Institut für Weltwirtschaft (IfW), Kiel >
Kieler Arbeitspapiere, IfW >

Please use this identifier to cite or link to this item:

http://hdl.handle.net/10419/2409
  
Title:Regulation of Europe's network industries : the perspective of the new economic theory of federalism PDF Logo
Authors:Bickenbach, Frank
Issue Date:2000
Series/Report no.:Kiel Working Papers 977
Abstract:The paper starts with a description of major reforms of EU policy in the network industries. Based on the normative economics of regulation, it then points out generic information and transaction cost problems of regulatory policy making. An appropriate allocation of regulatory competencies may help mitigate these problems. Focusing on the ‘federal’ allocation of competencies it is argued that traditional economic theories of federalism should be complemented by contract-theoretic and transaction-cost-political approaches. There has been some progress in recent years in developing such a ‘new economic theory of federalism’. Basic ideas and some insights of this theory are discussed with regard to the appropriate ‘federal’ allocation of competencies for the regulation of the European network industries.
Subjects:network industries
regulation
asymmetric information
incomplete contracts
economic models of federalism
JEL:D82
H11
H77
L43
L51
D7
Document Type:Working Paper
Appears in Collections:Publikationen von Forscherinnen und Forschern des IfW
Kieler Arbeitspapiere, IfW

Files in This Item:
File Description SizeFormat
kap977.pdf116.37 kBAdobe PDF
No. of Downloads: Counter Stats
Download bibliographical data as: BibTeX
Share on:http://hdl.handle.net/10419/2409

Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.