In Regulation and Development Jean-Jacques Laffont provides the first
theoretical analysis of regulation of public services for developing
countries. He shows how the debate between price-cap regulation and
cost of service regulation is affected by the characteristics of less
developed countries (LDCs) and offers a positive theory of
privatization that stresses the role of corruption. He develops a new
theory of regulation with limited enforcement capabilities and
discusses the delicate issue of access pricing in view of LDC's
specificities. In the final chapter he proposes a theory of separation
of powers which reveals one of the many vicious circles of
underdevelopment made explicit by the economics of information. Based
on organization theory and history, and using simple empirical tests
wherever possible, Professor Laffont offers a comprehensive evaluation
of the different ways to organize the regulatory institutions and
opens up a rich new research agenda for development studies.
Les mer
Produktdetaljer
ISBN
9781139180665
Publisert
2013
Utgave
1. utgave
Utgiver
Vendor
Cambridge University Press
Språk
Product language
Engelsk
Format
Product format
Digital bok
Forfatter