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Economic regulation affects us all, shaping how we access essential services such as water, energy and transport, as well as how we communicate with one another in the digital world. Modern Economic Regulation describes the core insights of economic theory on which regulatory policies are based and connects this with evidence of how regulation is applied. It focuses on fundamental questions such as: why are certain industries regulated? What principles can inform regulation? How is regulation implemented? Which regulatory policies…
Explains the main debates and trade-offs that confront regulators, allowing readers to understand the challenges in applying theory in practical settings
Explores the general reasons why certain activities and industries are subject to economic regulation, and the merits of alternative ways of regulating these activities
Explains how context impacts regulation – for example, why the regulatory approach adopted in the water industry may need to differ from that of the telecommunications industry
Details the importance of regulation in a way that can complement other texts and works that focus on specific policies or approaches
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Author
Christopher Decker,University of Oxford
Dr Christopher Decker is a research fellow specialising in regulatory and competition economics at the Centre for Socio-Legal Studies in the University of Oxford. He has extensive experience of the application of economic regulation across a range of industries (energy, water, telecommunications, transport, digital markets, payments and financial services) and has advised international bodies (the World Bank, OECD, European Commission, APEC), as well as government departments, regulators and private companies in many parts of the world.