Institutional reforms to integrate regulation and competition policy : economic analysis, international perspectives, and the case of the CNMC in Spain
Trillas, Francesc (Universitat Autònoma de Barcelona. Departament d'Economia Aplicada)
Xifré i Oliva, Ramon (Universitat Pompeu Fabra)

Imprint:	Universitat Autònoma de Barcelona. Departament d'Economia Aplicada 2016
Description:	39 p.
Abstract:	We review the related academic literature and the international evidence on the institutions of regulation and competition policy, to analyze the creation in 2013 of the new macro regulator in Spain, the CNMC. The institutional reform merged the competition policy authority with virtually all sector regulators with the exception of the financial regulator. The aim of the paper is to assess the extent to which the Spanish reform follows international best practices as well as how it fits within the analysis found in the academic literature. Although there is not a universally superior approach, neither in practice nor in theory, important shortcomings remain with the model that was finally adopted in Spain. Some institutional diversity would facilitate an optimal level of regulatory independence and governmental coordination for each sector, and ultimately achieving better results in terms of consumer welfare.
Rights:	L'accés als continguts d'aquest document queda condicionat a l'acceptació de les condicions d'ús establertes per la següent llicència Creative Commons:
Language:	Anglès
Series:	Departament d'Economia Aplicada. Documents de treball
Series:	Document de treball (Universitat Autònoma de Barcelona. Departament d'Economia Aplicada) ; 1607
Document:	Working paper
Subject:	Competència econòmica ; Espanya

DOI: 10.1016/j.jup.2016.04.009

42 p, 1.1 MB

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Research literature > Working papers > Department of Applied Economics. Working papers