IDEAS home Printed from https://ideas.repec.org/p/cir/circah/95c-01.html
   My bibliography  Save this paper

La réglementation incitative

Author

Listed:
  • Marcel Boyer

Abstract

This study presents the foundations and objectives of business regulation in Canada. An overview of the main theoretical findings in regulatory economics over the past 10 years and a price-cap analysis of regulation introduced in England in 1984 provide key lessons and recommendations for improving the effectiveness of regulatory mechanisms in Canada: promote deregulation, promote price-cap regulation in full disclosure contexts, promote price-cap regulation with marked competition in incomplete disclosure contexts where the existence of information annuities can be tolerated, promote incentive regulation with marked competition in incomplete disclosure contexts where the existence of information annuities is difficult to accept, and finally establish an appropriate body, independent of governments and regulated companies, to review regulation and to inform and educate the public about these changes. Cette étude présente les fondements et les objectifs de la réglementation des entreprises au Canada. Un survol des principaux résultats théoriques en économie de la réglementation depuis les 10 dernières années et une analyse de la réglementation du type price-cap introduite en Angleterre en 1984 permet de dégager les leçons et les recommandations essentielles pour améliorer l'efficacité des mécanismes de réglementation au Canada : favoriser la déréglementation, favoriser la réglementation price-cap dans les contextes d'information complète, favoriser la réglementation price-cap avec concurrence balisée dans les contextes d'information incomplète où l'existence de rentes informationnelles peut être tolérée, favoriser la réglementation incitative avec concurrence balisée dans les contextes d'information incomplète où l'existence de rentes informationnelles est difficilement acceptable, et finalement mettre sur pied un organisme adéquat, indépendant des gouvernements et des entreprises réglementées, chargé de revoir la réglementation et d'informer et d'éduquer le public sur ces changements.

Suggested Citation

  • Marcel Boyer, 1995. "La réglementation incitative," CIRANO Papers 95c-01, CIRANO.
    • Handle: RePEc:cir:circah:95c-01
    as

    Download full text from publisher

    File URL: https://cirano.qc.ca/files/publications/95c-01.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Jean-Jacques Laffont & Jean Tirole, 1993. "A Theory of Incentives in Procurement and Regulation," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262121743, December.
    2. Douglas W. Caves & Laurits R. Christensen & Joseph A. Swanson, 1981. "Economic Performance in Regulated and Unregulated Environments: A Comparison of U. S. and Canadian Railroads," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 96(4), pages 559-581.
    3. Boyer, Marcel & Laffont, Jean-Jacques, 1997. "Environmental risks and bank liability," European Economic Review, Elsevier, vol. 41(8), pages 1427-1459, August.
    4. Richard Schmalensee, 1989. "Good Regulatory Regimes," RAND Journal of Economics, The RAND Corporation, vol. 20(3), pages 417-436, Autumn.
    5. David Sibley, 1989. "Asymmetric Information, Incentives and Price-Cap Regulation," RAND Journal of Economics, The RAND Corporation, vol. 20(3), pages 392-404, Autumn.
    6. Baumol, William J & Bradford, David F, 1970. "Optimal Departures from Marginal Cost Pricing," American Economic Review, American Economic Association, vol. 60(3), pages 265-283, June.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Marcel Boyer & Jacques Robert, 1997. "Competition and Access in Electricity Markets: ECPR, Global Price Cap, and Auctions," CIRANO Working Papers 97s-41, CIRANO.
    2. Marcel Boyer, 1997. "Competition and Access in Telecoms: ECPR, Global Price Cap, and Auctions," CIRANO Working Papers 97s-03, CIRANO.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Armstrong, Mark & Sappington, David E.M., 2007. "Recent Developments in the Theory of Regulation," Handbook of Industrial Organization, in: Mark Armstrong & Robert Porter (ed.), Handbook of Industrial Organization, edition 1, volume 3, chapter 27, pages 1557-1700, Elsevier.
    2. Dennis L. Weisman, 2019. "The power of regulatory regimes reexamined," Journal of Regulatory Economics, Springer, vol. 56(2), pages 125-148, December.
    3. Waters, II, W.G. & Tretheway, Michael W., 2000. "Labor Payouts, Productivity Measurement and the Price Cap Approach to Regulation," Journal of the Transportation Research Forum, Transportation Research Forum, vol. 39(01).
    4. Philippe Gagnepain & Marc Ivaldi & David Martimort, 2013. "The Cost of Contract Renegotiation: Evidence from the Local Public Sector," American Economic Review, American Economic Association, vol. 103(6), pages 2352-2383, October.
    5. Andrés Gomez-Lobo, 2017. "The efficiency case for transit subsidies in the presence of a ‘soft’ budget constraint," Working Papers wp447, University of Chile, Department of Economics.
    6. Patricia M. Danzon & Eric L. Keuffel, 2014. "Regulation of the Pharmaceutical-Biotechnology Industry," NBER Chapters, in: Economic Regulation and Its Reform: What Have We Learned?, pages 407-484, National Bureau of Economic Research, Inc.
    7. Barbara Praetorius, 1996. "Nachfrageseitiges Marktversagen auf dem Energiemarkt: Empirische Evidenz, theoretische Aspekte, politische Folgerungen," Vierteljahrshefte zur Wirtschaftsforschung / Quarterly Journal of Economic Research, DIW Berlin, German Institute for Economic Research, vol. 65(2), pages 143-155.
    8. Peter Broer & Gijsbert Zwart, 2013. "Optimal regulation of lumpy investments," Journal of Regulatory Economics, Springer, vol. 44(2), pages 177-196, October.
    9. Marques, Vítor & Costa, Paulo Moisés & Bento, Nuno, 2022. "Greater than the sum: On regulating innovation in electricity distribution networks with externalities," Utilities Policy, Elsevier, vol. 79(C).
    10. Hiriart, Yolande & Thomas, Lionel, 2017. "The optimal regulation of a risky monopoly," International Journal of Industrial Organization, Elsevier, vol. 51(C), pages 111-136.
    11. John W. Mayo & David E. M. Sappington, 2016. "Regulation in a ‘Deregulated’ Industry: Railroads in the Post-Staggers Era," Review of Industrial Organization, Springer;The Industrial Organization Society, vol. 49(2), pages 203-227, September.
    12. María Angeles García Valiñas, 2005. "Promotion and remuneration of university professors: from the LRU to the COU," Hacienda Pública Española / Review of Public Economics, IEF, vol. 172(1), pages 119-143, June.
    13. Gullì, F., 2003. "Distributed Generation versus Centralised Supply: a Social Cost-Benefit Analysis," Cambridge Working Papers in Economics 0336, Faculty of Economics, University of Cambridge.
    14. Gianni De Fraja & Alberto Iozzi, "undated". "Short Term and Long Term Effects of Price Cap Regulation," Discussion Papers 00/61, Department of Economics, University of York.
    15. Bovera, Filippo & Delfanti, Maurizio & Fumagalli, Elena & Lo Schiavo, Luca & Vailati, Riccardo, 2021. "Regulating electricity distribution networks under technological and demand uncertainty," Energy Policy, Elsevier, vol. 149(C).
    16. Helmuth Cremer & Firouz Gahvari, 2017. "Restoring Ramsey tax lessons to Mirrleesian tax settings: Atkinson–Stiglitz and Ramsey reconciled," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 49(1), pages 11-35, June.
    17. repec:ces:ifodic:v:4:y:2006:i:2:p:14567496 is not listed on IDEAS
    18. Anne Neumann & Juan Rosellón & Hannes Weigt, 2015. "Removing Cross-Border Capacity Bottlenecks in the European Natural Gas Market—A Proposed Merchant-Regulatory Mechanism," Networks and Spatial Economics, Springer, vol. 15(1), pages 149-181, March.
    19. La Nauze, Andrea & Mezzetti, Claudio, 2019. "Dynamic incentive regulation of diffuse pollution," Journal of Environmental Economics and Management, Elsevier, vol. 93(C), pages 101-124.
    20. Ingo Vogelsang, 2006. "Electricity Transmission Pricing and Performance-based Regulation," The Energy Journal, International Association for Energy Economics, vol. 0(Number 4), pages 97-126.
    21. Chikkatur, Ananth P. & Sagar, Ambuj D. & Abhyankar, Nikit & Sreekumar, N., 2007. "Tariff-based incentives for improving coal-power-plant efficiencies in India," Energy Policy, Elsevier, vol. 35(7), pages 3744-3758, July.

    More about this item

    Keywords

    Incentive regulation; Réglementation incitative;

    JEL classification:

    • L51 - Industrial Organization - - Regulation and Industrial Policy - - - Economics of Regulation

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:cir:circah:95c-01. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Webmaster (email available below). General contact details of provider: https://edirc.repec.org/data/ciranca.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.