Regulation, institutions, and commitment in telecommunications : a comparative analysis of five country studies (Английский)

Within any system of utility regulation, there is a tension between the ability to commit to a stable set of rules and the ability to respond flexibly to changing circumstances. Countries differ in their institutional endowments and hence in the ways in which they can resolve this tension. A first group of countries can design regulatory systems that afford the regulator substantial formal discretion to respond to changing circumstances and can use...
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