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Developing countries experience and outlook: Getting the framework right

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  • Alexander, Ian

Abstract

Developing and transitional economies have adopted and implemented “RPI-X” or “incentive based regulation” over the past few decades, building on the reforms in the UK and elsewhere. However, for incentive based regulation to deliver the desired outcomes it needs to be implemented in a comprehensive manner (both in terms of substance and process), or at least in a considered way, with any deviations from standard approaches understood in terms of the potentially perverse impacts or incentives that might arise.

Suggested Citation

  • Alexander, Ian, 2014. "Developing countries experience and outlook: Getting the framework right," Utilities Policy, Elsevier, vol. 31(C), pages 184-187.
    • Handle: RePEc:eee:juipol:v:31:y:2014:i:c:p:184-187
    DOI: 10.1016/j.jup.2014.09.007
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    References listed on IDEAS

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    1. Elisa Muzzini, 2005. "Consumer Participation in Infrastructure Regulation : Evidence from the East Asia and Pacific Region," World Bank Publications - Books, The World Bank Group, number 7383.
    2. Geoffrey Whittington, 1994. "Current cost accounting: its role in regulated utilities," Fiscal Studies, Institute for Fiscal Studies, vol. 15(4), pages 88-101, November.
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    Citations

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    Cited by:

    1. Avdasheva, Svetlana & Gimadi, Victoria, 2019. "Investor response to tariff options under regulation by contract: Evidence from Russian heating concessions," Utilities Policy, Elsevier, vol. 57(C), pages 67-74.
    2. Pedro J. Zarco-Periñán & José L. Martínez-Ramos & Fco. Javier Zarco-Soto, 2021. "On the Remuneration to Electrical Utilities and Budgetary Allocation for Substation Maintenance Management," Sustainability, MDPI, vol. 13(18), pages 1-15, September.
    3. Jensen, Olivia & Wu, Xun, 2017. "The hybrid model for economic regulation of water utilities: Mission impossible?," Utilities Policy, Elsevier, vol. 48(C), pages 122-131.
    4. Heims, Eva M. & Lodge, Martin, 2018. "Customer engagement in UK water regulation: towards a collaborative regulatory state?," LSE Research Online Documents on Economics 87258, London School of Economics and Political Science, LSE Library.
    5. Bertoméu-Sánchez, Salvador & Camos, Daniel & Estache, Antonio, 2018. "Do economic regulatory agencies matter to private-sector involvement in water utilities in developing countries?," Utilities Policy, Elsevier, vol. 50(C), pages 153-163.

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    More about this item

    Keywords

    Incentive regulation; Financial capital maintenance; Electricity; Airports;
    All these keywords.

    JEL classification:

    • L5 - Industrial Organization - - Regulation and Industrial Policy
    • L9 - Industrial Organization - - Industry Studies: Transportation and Utilities

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