International Handbook on Economic Regulation

International Handbook on Economic Regulation

Elgar original reference

Edited by Michael A. Crew and David Parker

Michael Crew and David Parker have compiled a comprehensive, up-to-date and detailed analytical work on leading research issues in the economics of regulation. With contributions from international specialists in economic regulation, the Handbook provides a comprehensive discussion of major developments in both the theory and practice of regulatory economics. This book will be an indispensable source for both students and practitioners of regulation.

Preface

Edited by Michael A. Crew and David Parker

Subjects: economics and finance, competition policy, industrial economics, public sector economics

Extract

The subject of economic regulation has become more important in the study of economics over the last 30 years because of important advances in theory and because of major changes in public policy, which have led to the privatization of a number of state-owned, monopoly industries and the introduction of competition. This has been occurring in both advanced and developing economies and, most strikingly, in the former command economies of Central and Eastern Europe. Growing concerns about ‘global warming’ have sparked off theoretical and policy initiatives related to environmental regulation; while development economics places emphasis on the importance of regulatory ‘institutions’ in explaining impediments to sustained economic growth. This handbook covers and critiques the developments in both regulatory theory and practice. It is intended to be a primary source of information for students, researchers and practitioners in the field of regulatory economics. In putting together this book we wish to thank a number of people including the editorial and publication staff at Edward Elgar and especially Eve Hussey at Cranfield, who has diligently typed and retyped the various drafts. We also thank our families for (once again) their patience and support. Michael Crew, Rutgers University, New Jersey David Parker, Cranfield University, Bedfordshire September 2005 xiv