Transport regulation from theory to practice

The paper suggests a set of recommendations arising directly from the (negative) experience of regulating certain transport sectors in Italy. The main proposals are as follows: .. Build alliances with other regulatory agencies, as well as at a higher level (European Commission). Isolation facilitates capture. .. Use extensive and transparent quantitative evaluation methods (cost-benefit analysis). Discretionary approaches also facilitate capture. .. From the start, define a strictly efficiency-oriented scope for the regulatory agency: social and environmental issues are prone to political interference. .. A special problem is the regulation of infrastructure investment: here further research is badly needed.

Better Economic Regulation: The Role of the Regulator

Transport regulation from theory to practice

general observations and a case study