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Better Economic Regulation: The Role of the Regulator

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Abstract

Good transport services contribute strongly to the productivity of an economy and extend the range of activities accessible to consumers. Good services require adequate infrastructure and reasonable usage conditions to that infrastructure. Much transport infrastructure is capital intensive and lumpy. Such cost structures imply that there will be few service providers. In some circumstances the structure of costs and technology is such that economic regulation is the best way to drive efficient outcomes. Achieving the right governance structures – including the question of when to regulate and how to regulate – is central to performance of the sector and the subject of this paper, which summarises discussions at a Roundtable1 held in December 2010.

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  • Itf, 2011. "Better Economic Regulation: The Role of the Regulator," International Transport Forum Discussion Papers 2011/3, OECD Publishing.
    • Handle: RePEc:oec:itfaab:2011/3-en
    DOI: 10.1787/5kg9mq55fpmv-en
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    Cited by:

    1. Arblaster, Margaret, 2018. "Regulation in markets facing uncertainty: The case of Australia," Journal of Air Transport Management, Elsevier, vol. 67(C), pages 249-258.
    2. Arblaster, Margaret & Zhang, Chrystal, 2021. "Independent or self-regulation: An assessment of economic oversight of air traffic management in Australia and New Zealand," Utilities Policy, Elsevier, vol. 68(C).
    3. Yarde, Kareem & Jönsson, Cristina, 2016. "Implications for CARICOM member states in the search for a ‘liberally controlled’ air transport market: The case of regional tourism to Barbados," Journal of Air Transport Management, Elsevier, vol. 53(C), pages 12-22.
    4. Benedetto, Valerio & Smith, Andrew S.J. & Nash, Chris A., 2017. "Evaluating the roles and powers of rail regulatory bodies in Europe: A survey-based approach," Transport Policy, Elsevier, vol. 59(C), pages 116-123.
    5. Littlechild, Stephen, 2018. "Economic regulation of privatised airports: Some lessons from UK experience," Transportation Research Part A: Policy and Practice, Elsevier, vol. 114(PA), pages 100-114.
    6. Epstein, Bryan & Givoni, Moshe, 2016. "Analyzing the gap between the QOS demanded by PT users and QOS supplied by service operators," Transportation Research Part A: Policy and Practice, Elsevier, vol. 94(C), pages 622-637.

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