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.
General
Imprint: |
Cambridge UniversityPress
|
Country of origin: |
United Kingdom |
Series: |
Federico Caffe Lectures |
Release date: |
March 2005 |
First published: |
2005 |
Authors: |
Jean-Jacques Laffont
|
Dimensions: |
217 x 138 x 22mm (L x W x T) |
Format: |
Paperback - Trade
|
Pages: |
292 |
Edition: |
New |
ISBN-13: |
978-0-521-54948-6 |
Categories: |
Books >
Business & Economics >
Economics >
Development economics
|
LSN: |
0-521-54948-5 |
Barcode: |
9780521549486 |
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