Mitigating Regulatory Risk in Telecommunications

In the transition from state-owned monopolies to privately led and increasingly competitive market structures in telecommunications, poor performance of regulatory agencies limits the benefits of reform. This Note proposes measures for establishing...

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Bibliographic Details
Main Authors:	Smith, Peter L., Wellenius, Bjorn
Format:	Viewpoint
Language:	English
Published:	World Bank, Washington, DC 2012
Subjects:	ACCESS TO INFORMATION ACCOUNTING AUCTIONS BARRIERS TO ENTRY BIDDING CENTRAL BANK COMMUNAL FACILITIES CONSUMERS DECISION- MAKING DUOPOLY ELECTRICITY EVALUATION CRITERIA FINANCIAL RESOURCES INCOME INFLATION INNOVATIONS LEARNING LICENSES MARGINAL COST MARGINAL COST PRICING MARKET POWER MARKET PRICES MEDIA MONOPOLIES OUTSOURCING PHONES POLITICAL POWER PRICE COMPETITION PRICE CONTROL PRICE INDEX PRICE REGULATION PRIVATE SECTOR PRODUCTIVITY PROVISIONS PUBLIC CONSULTATION PUBLIC SECTOR RADIO REGULATORY AGENCIES REGULATORY AGENCY REGULATORY EXPERTS REGULATORY FRAMEWORK REGULATORY POLICY REGULATORY PRINCIPLES SALES TELECENTERS TELECOMMUNICATIONS TELECOMMUNICATIONS COMPANIES TELECOMMUNICATIONS LAW TELECOMMUNICATIONS REFORM TELECOMMUNICATIONS REGULATOR TELECOMMUNICATIONS SECTOR TELECOMMUNICATIONS SERVICES TELEPHONE LINES TELEPHONE SERVICE TELEPHONE SERVICES TELEVISION TRANSPARENCY TRANSPARENT PROCESSES UNIVERSAL SERVICE UTILITIES WORLD TRADE ORGANIZATION WTO TELECOMMUNICATIONS REGULATORY STRUCTURE MARKET COMPETITION PRICE CONTROLS MONOPOLISTIC COMPETITION LICENCING INSTITUTION BUILDING CONTRACTING
Online Access:	http://documents.worldbank.org/curated/en/1999/07/1346401/mitigating-regulatory-risk-telecommunications http://hdl.handle.net/10986/11470

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Summary:	In the transition from state-owned monopolies to privately led and increasingly competitive market structures in telecommunications, poor performance of regulatory agencies limits the benefits of reform. This Note proposes measures for establishing a regulatory framework that enables better sector performance even when a full-fledged regulatory agency is lacking. These measures reduce the need for agency decisions -- for example, by prepackaging rules and accelerating competition. They enhance the credibility of regulation -- for example, by locking in principles through international agreements. And they generate maximum impact from scarce professional and financial resources by using them effectively -- such as by contracting out functions and creating multisectoral or regional agencies.

Mitigating Regulatory Risk in Telecommunications

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