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dc.contributor.authorGORECKI, PAUL K.
dc.date.accessioned2011-05-29T18:39:41Z
dc.date.available2011-05-29T18:39:41Z
dc.date.issued02/02/2011
dc.date.submitted2011en
dc.identifier.citationGorecki, Paul, Economic Regulation: Recentralisation of Power or Improved Quality of Regulation?, 2011en
dc.identifier.otherN
dc.identifier.urihttp://hdl.handle.net/2262/56175
dc.descriptionPUBLISHEDen
dc.description.abstractThe October 2009 Government Statement on Economic Regulation issued proposes a number of sensible reforms that are likely to improve regulatory performance in energy, airports, telecommunications, postal services and transport. However, the Government Statement also proposes to reduce the independence of regulators by holding them to account through a whole series of additional mechanisms, some of which are informal and lack transparency, while at the same time instructing regulators to take into account evolving/current ? possible transient ? priorities. There are good reasons for preserving and strengthening rather than undermining regulatory independence. For example, it facilitates investment in long-lived assets with a large element of sunk or irrecoverable investment, a common characteristic of network sectors. The Government Statement?s unexplained move to reduce regulators? independence finds no support in either the government commissioned background report prepared by the Economic Intelligence Unit, Review of the Regulatory Environment in Ireland, or recent European Union legislation on energy and telecommunications regulation. Indeed, these sources are strongly in favour of regulatory independence. Two, not necessarily mutually exclusive explanations, for reducing regulatory independence are discussed: to remove an anomaly in the Irish political system; and, to assist in the delivery of social partnership. The paper concludes by arguing that some thought might be given to public consultation of the reforms in the Government Statement prior to further implementation.en
dc.language.isoenen
dc.publisherESRIen
dc.relation.ispartofseriesESRI Working Paper;373
dc.rightsYen
dc.subjectregulationen
dc.subjectindependenceen
dc.subjecteconomic regulatorsen
dc.subjectaccountabilityen
dc.subjectinfrastructure sectoren
dc.subjectGovernment Statement on Economic Regulationen
dc.subjecteconomicsen
dc.titleEconomic Regulation: Recentralisation of Power or Improved Quality of Regulation?en
dc.typeWorking Paperen
dc.type.supercollectionscholarly_publicationsen
dc.identifier.peoplefinderurlhttp://people.tcd.ie/goreckip
dc.identifier.rssinternalid71212


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