The Political Economy of Local Regulation: Theoretical by Alberto Asquer, Franco Becchis, Daniele Russolillo
By Alberto Asquer, Franco Becchis, Daniele Russolillo
This e-book bargains theoretical and methodological directions for getting to know the advanced rules of neighborhood infrastructure, utilities and public prone within the context of fast urbanisation, technological switch, and weather swap. It examines the interactions among regulators, public officials, infrastructure and utilities businesses, public provider services, electorate, and civil society organizations. It comprises contributions from teachers and practitioners from numerous disciplinary views and from many areas of the realm, illustrated with case experiences from numerous sectors together with water, usual gasoline and electrical energy distribution, neighborhood public shipping, district heating, city waste, and environmental services.
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Additional info for The Political Economy of Local Regulation: Theoretical Frameworks and International Case Studies
WHERE THINGS HAPPEN: THE LOCAL DIMENSION IN REGULATION 35 The more the incumbent is worried about the renewal of the concession or of the tender, the more his strategy will tend towards option a).
Yet apart from the controversial results, it is a fact that most services are regulated, de jure or de facto, at the local level. Regulating and managing local public services and infrastructures is a task with specific and additional challenges compared to the national regulation of big network services implemented at the central level. Locally, WHERE THINGS HAPPEN: THE LOCAL DIMENSION IN REGULATION 23 just to quote a factor, relations are so intertwined that it becomes difficult to enforce the hardest part of regulation in the various forms it assumes: rent control, fines, and incumbent removal (Henrich et al.
This component of improper costs gets higher the farther the point of equilibrium of this trade-off is from the social optimum. The following are typical situations in which improper costs can form and grow: • The regulator personally knows the regulated firm and its employees and officials. Due to these personal likes, he perceives imposing a removal as highly demanding, from the psychological point of view; 32 F. BECCHIS • The regulator feels the pressure of the local political environment (in favour of the incumbent); • In the past the regulator carried out some market activities in the regulated sector and he did not feel sufficiently super partes to take decisions with a strong impact on the same market.