Better economic regulation
Subtitle: the role of the regulator
Contributors: International Transport Forum; OECD iLibrary
Series: Roundtable report -- 150
Publisher: OECD; ITF
Published: 2011
Place of publication: Paris
Language: eng
Number of pages: 118
ISBN-13: 9789282102954; 9789282103272
Subjects: Infrastructure (Economics); Government policy; Transportation and state
Description: "Efficient provision of transport infrastructure is critical to economic growth. The long asset lives of much transport infrastructure indicates governance through regulation, rather than through contract or public ownership. This can ensure predictability in long-term relationships whilst preserving some flexibility to deal with changes in external circumstances. The transparency created by a fully independent regulator is invaluable for ensuring sufficient investment is forthcoming, while maintaining reasonable conditions for user access. Discussion at the Roundtable focussed on how to achieve effective independent regulation and how to reconcile independence with the legitimate control of policy by the executive part of government. Independent regulation is not seen as a universal default governance arrangement. Much of the discussion focused on when to regulate and when to rely on competition, even if imperfect, to drive efficiency. The discussions underscored that there are opportunities to improve performance significantly in the aviation, rail and road sectors, by learning from successful experience in improving governance structures in a range of countries."--P. [4] of cover.
Notes: "This work is published on the responsibility of the Secretary-General of the OECD"--T.p. verso.

"Corrigenda to OECD publications may be found online at: www.oecd.org/publishing/corrigenda"--T.p. verso.

"ISSN for online series: 2074-336X"--T.p. verso.

"International Transport Forum"--Cover.

OECD code: 74 2011 02 1 P1

Includes bibliographical references (p. 111-112).

Also available online to subscribers.
Table of contents: title: Summary of discussions; title: Effective regulatory institutions for air transport : a European perspective / Hans-Martin Niemeier; title: Effective regulatory institutions : the regulator's role in the policy process, including issues of regulatory independence / Tom Winsor; title: Transport regulation from theory to practice: general observations and a case study / Marco Ponti; title: List of participants.