1887

OECD Economics Department Working Papers

Working papers from the Economics Department of the OECD that cover the full range of the Department’s work including the economic situation, policy analysis and projections; fiscal policy, public expenditure and taxation; and structural issues including ageing, growth and productivity, migration, environment, human capital, housing, trade and investment, labour markets, regulatory reform, competition, health, and other issues.

The views expressed in these papers are those of the author(s) and do not necessarily reflect those of the OECD or of the governments of its member countries.

English, French

The Implementation and the Effects of Regulatory Reform

Past Experience and Current Issues

This paper reviews trends, outcomes and issues in regulatory reform in OECD countries. First, it summarises the evidence on the evolution of regulatory environments and the economy-wide and sectoral effects of reforms (including privatisation) in both competitive and non-competitive industries in the past two decades. Turning to network industries, it then discusses the main policy issues raised by the need to adapt the regulation of the noncompetitive segments of these industries to increasing competition in liberalised markets. It focuses on four topics that dominate the debate over regulatory reform: i) the move from command-and-control to incentive-based regulatory approaches based on the removal of entry barriers in competitive markets, the adoption of price-cap mechanisms and the design of efficient and competitively-neutral charges for accessing the fixed networks of incumbents; ii) the pros and cons of structural measures such as privatisation, and vertical and horizontal ...

English

Keywords: regulatory reforms, regulation, liberalisation, competition policy, privatisation, network industries
JEL: L9: Industrial Organization / Industry Studies: Transportation and Utilities; K23: Law and Economics / Regulation and Business Law / Regulated Industries and Administrative Law; L51: Industrial Organization / Regulation and Industrial Policy / Economics of Regulation; L50: Industrial Organization / Regulation and Industrial Policy / Regulation and Industrial Policy: General; L43: Industrial Organization / Antitrust Issues and Policies / Legal Monopolies and Regulation or Deregulation
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