Download or read book Regulation of Infrastructure Markets written by Davide Maresca and published by Springer Science & Business Media. This book was released on 2012-09-26 with total page 283 pages. Available in PDF, EPUB and Kindle. Book excerpt: This casebook is an effort to explain infrastructure markets from a unique perspective: regulation. Regulation means the analysis of two main groups of laws, namely internal market and antitrust law. The aim is to find a uniform regulation applicable to infrastructures in the European common market through a direct reading and explanation of judicial opinions. The book is divided into five parts: two general chapters and three thematic chapters. The first chapter is an introduction to the main European law principles applicable to infrastructure markets. The second chapter applies the Services of General Interest doctrine to infrastructure markets: The key issue is the separation of the public administrations and the private companies operating infrastructures. The thematic chapters focus on seaports, railways and airports, respectively. The core of the examination is a dual perspective dealing with both the internal market rules and ensuring fair competition.

Download or read book Well Spent written by Mr.Gerd Schwartz and published by International Monetary Fund. This book was released on 2020-09-03 with total page 344 pages. Available in PDF, EPUB and Kindle. Book excerpt: Drawing on the Fund’s analytical and capacity development work, including Public Investment Management Assessments (PIMAs) carried out in more than 60 countries, the new book Well Spent: How Strong Infrastructure Governance Can End Waste in Public Investment will address how countries can attain quality infrastructure outcomes through better infrastructure governance—an issue becoming increasingly important in the context of the Great Lockdown and its economic consequences. It covers critical issues such as infrastructure investment and Sustainable Development Goals, controlling corruption, managing fiscal risks, integrating planning and budgeting, and identifying best practices in project appraisal and selection. It also covers emerging areas in infrastructure governance, such as maintaining and managing public infrastructure assets and building resilience against climate change.

Download or read book Strategic Investment Decisions in Regulated Markets written by Christian Wernick and published by Springer-Verlag. This book was released on 2007-12-12 with total page 244 pages. Available in PDF, EPUB and Kindle. Book excerpt: Concentrating on Germany and the UK, Christian Wernick provides the reader with insights on the effects of different regulatory strategies, which take place under a common European regulatory framework. Combining theoretical analyses and empirical material a sophisticated and balanced picture on the coherences between regulation and investment behaviour in Germany’s and the UK’s broadband markets is presented.

Download or read book Regulation of Infrastructure Markets written by Davide Maresca and published by Springer Science & Business Media. This book was released on 2012-09-24 with total page 283 pages. Available in PDF, EPUB and Kindle. Book excerpt: This casebook is an effort to explain infrastructure markets from a unique perspective: regulation. Regulation means the analysis of two main groups of laws, namely internal market and antitrust law. The aim is to find a uniform regulation applicable to infrastructures in the European common market through a direct reading and explanation of judicial opinions. The book is divided into five parts: two general chapters and three thematic chapters. The first chapter is an introduction to the main European law principles applicable to infrastructure markets. The second chapter applies the Services of General Interest doctrine to infrastructure markets: The key issue is the separation of the public administrations and the private companies operating infrastructures. The thematic chapters focus on seaports, railways and airports, respectively. The core of the examination is a dual perspective dealing with both the internal market rules and ensuring fair competition.

Download or read book Running the World s Markets written by Ruben Lee and published by Princeton University Press. This book was released on 2010-12-28 with total page 471 pages. Available in PDF, EPUB and Kindle. Book excerpt: The efficiency, safety, and soundness of financial markets depend on the operation of core infrastructure--exchanges, central counter-parties, and central securities depositories. How these institutions are governed critically affects their performance. Yet, despite their importance, there is little certainty, still less a global consensus, about their governance. Running the World's Markets examines how markets are, and should be, run. Utilizing a wide variety of arguments and examples from throughout the world, Ruben Lee identifies and evaluates the similarities and differences between exchanges, central counter-parties, and central securities depositories. Drawing on knowledge and experience from various disciplines, including business, economics, finance, law, politics, and regulation, Lee employs a range of methodologies to tackle different goals. Conceptual analysis is used to examine theoretical issues, survey evidence to describe key aspects of how market infrastructure institutions are governed and regulated globally, and case studies to detail the particular situations and decisions at specific institutions. The combination of these approaches provides a unique and rich foundation for evaluating the complex issues raised. Lee analyzes efficient forms of governance, how regulatory powers should be allocated, and whether regulatory intervention in governance is desirable. He presents guidelines for identifying the optimal governance model for any market infrastructure institution within the context of its specific environment. Running the World's Markets provides a definitive and peerless reference for how to govern and regulate financial markets.

Download or read book Infrastructure and Land Policies written by Gregory K. Ingram and published by Lincoln Inst of Land Policy. This book was released on 2013 with total page 438 pages. Available in PDF, EPUB and Kindle. Book excerpt: More than 50 percent of the global population resides in urban areas where land policy and infrastructure interactions facilitate economic opportunities, affect the quality of life, and influence patterns of urban development. While infrastructure is as old as cities, technological changes and public policies on taxation and regulation produce new issues worthy of analysis, ranging from megaprojects and greenhouse gas emissions to involuntary resettlement. This volume, based on the 2012 seventh annual Land Policy Conference at the Lincoln Institute, brings together economists, social scientists, urban planners, and engineers to discuss how infrastructure issues impact low-, middle-, and high-income countries. Infrastructure drives economic and social activities. For urban areas, the challenges of balancing economic growth with infrastructure development and maintenance are reflected in debates about finance, regulation, and location and about the sustainable levels of infrastructure services. Relevant sectors include energy (electricity and natural gas); telecommunications (phone lines, mobile phone service, and Internet); transportation (airports, railways, roads, waterways, and seaports); and water supply and sanitation (piped water, irrigation, and sewage collection and treatment). Recent research shows that inadequate infrastructure is associated with income inequality. This is likely linked to the delivery of infrastructure services to households, such as direct health benefits, improved access to education, and enhanced economic opportunities. Because so much infrastructure is energy intensive, efforts to reduce greenhouse gas emissions and other negative impacts must address services such as electric power and transport. Bringing the management of infrastructure up to levels of good practice has a large economic payoff, and performance levels vary dramatically between and within countries. A crucial unmet challenge is to convince policy makers and voters that large economic returns can result from improving infrastructure performance and maintenance.

Download or read book The Infrastructure Finance Challenge written by Ingo Walter and published by Open Book Publishers. This book was released on 2016-11-21 with total page 134 pages. Available in PDF, EPUB and Kindle. Book excerpt: Infrastructure and its effects on economic growth, social welfare, and sustainability receive a great deal of attention today. There is widespread agreement that infrastructure is a key dimension of global development and that its impact reaches deep into the broader economy with important and multifaceted implications for social progress. At the same time, infrastructure finance is among the most complex and challenging areas in the global financial architecture. Ingo Walter, Professor Emeritus of Finance, Corporate Governance and Ethics at the Stern School of Business, New York University, and his team of experts tackle the issue by focussing on key findings backed by serious theoretical and empirical research. The result is a set of viable guideposts for researchers, policy-makers, students and anybody interested in the varied challenges of the contemporary economy.

Download or read book Regulating Infrastructure written by José A. Gómez-Ibáñez and published by Harvard University Press. This book was released on 2006-09-01 with total page 456 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the 1980s and '90s many countries turned to the private sector to provide infrastructure and utilities, such as gas, telephones, and highways--with the idea that market-based incentives would control costs and improve the quality of essential services. But subsequent debacles including the collapse of California's wholesale electricity market and the bankruptcy of Britain's largest railroad company have raised troubling questions about privatization. This book addresses one of the most vexing of these: how can government fairly and effectively regulate "natural monopolies"--those infrastructure and utility services whose technologies make competition impractical? Rather than sticking to economics, José Gómez-Ibáñez draws on history, politics, and a wealth of examples to provide a road map for various approaches to regulation. He makes a strong case for favoring market-oriented and contractual approaches--including private contracts between infrastructure providers and customers as well as concession contracts with the government acting as an intermediary--over those that grant government regulators substantial discretion. Contracts can provide stronger protection for infrastructure customers and suppliers--and greater opportunities to tailor services to their mutual advantage. In some cases, however, the requirements of the firms and their customers are too unpredictable for contracts to work, and alternative schemes may be needed.

Download or read book Handbook for Evaluating Infrastructure Regulatory Systems written by Ashley C. Brown and published by World Bank Publications. This book was released on 2006-01-01 with total page 422 pages. Available in PDF, EPUB and Kindle. Book excerpt: More than 200 new infrastructure regulators have been created around the world in the last 15 years. They were established to encourage clear and sustainable long-term economic and legal commitments by governments and investors to encourage new investment to benefit existing and new customers. There is now considerable evidence that both investors and consumers-the two groups that were supposed to have benefited from these new regulatory systems-have often been disappointed with their performance. The fundamental premise of this book is that regulatory systems can be successfully reformed only if there are independent, objective and public evaluations of their performance. Just as one goes to a medical doctor for a regular health checkup, it is clear that infrastructure regulation would also benefit from periodic checkups. This book provides a general framework as well as detailed practical guidance on how to perform such "regulatory checkups."

Download or read book Infrastructure Regulation written by Darryl S. L. Jarvis and published by World Scientific. This book was released on 2011 with total page 622 pages. Available in PDF, EPUB and Kindle. Book excerpt: Regulation of public infrastructure has been a topic of interest for more than a century. Yet, little is known about what works and why, when it comes to infrastructure regulation. This book intends to contribute to the understanding of infrastructure regulations by analyzing empirical cases in telecommunications, electricity and water, with examples drawn from a number of countries in Asia and beyond. The book addresses the following questions: Does regulation work? What kind of regulation works? What kinds don't work? Why do some forms of regulation work and not others? How do we know whether they work or not? How do we isolate the effects of different political, economic and legal contexts? Are there systematic differences across infrastructure sectors that necessitate particular regulatory design? It brings together distinguished scholars and practitioners who are experts in the area to address essential issues in regulation through conceptual and empirical studies.

Download or read book Infrastructure Regulation What Works Why and How Do We Know written by Darryl S L Jarvis and published by World Scientific. This book was released on 2011-06-08 with total page 624 pages. Available in PDF, EPUB and Kindle. Book excerpt: Regulation of public infrastructure has been a topic of interest for more than a century. Providing public goods, securing their financing, maintenance, and improving the efficiency of their delivery, has generated a voluminous literature and series of debates. More recently, these issues have again become a central concern, as new public management approaches have transformed the role of the state in the provision of public goods and the modalities by which the financing of infrastructure and its operation are procured. Yet, despite the proliferation of new modalities of regulating infrastructure little is known about what works and why. Why do certain regulatory regimes fail and others succeed? What regulatory designs and institutional features produce optimal outcomes and how? And why do regulatory forms of governance when transplanted into different institutional contexts produce less than uniform outcomes? This book addresses these questions, exploring the theoretical foundations of regulation as well as a series of case studies drawn from the telecommunications, electricity, and water sectors. It brings together distinguished scholars and expert practitioners to explore the practical problems of regulation, regulatory design, infrastructure operation, and the implications for infrastructure provision. Contents:Regulating Infrastructure: A Review of the Issues, Problems, and Challenges (Ed Araral, Darryl S L Jarvis, M Ramesh & Wu Xun)Problems, Issues, and Perspectives in Regulation, Regulatory Design and Outcomes:Infrastructure Regulation: What Works, Why, and How do we Know? (Judith Clifton, Daniel Díaz-Fuentes, Marcos Fernández-Gutiérrez and Julio Revuelta)Does Political Accountability Matter for Infrastructure Regulation?: The Case of Telecommunications (Farid Gasmi, Paul Noumba & Laura Recuero Virto)Entry Relaxation and an Independent Regulator: Performance Impact on the Mobile Telecoms Industry in Asia (Chalita Srinuan, Pratompong Srinuan & Erik Bohlin)Electricity Sector Regulation & Governance:Risk, Regulation and Governance: Institutional Processes and Regulatory Risk in the Thai Energy Sector (Darryl S L Jarvis)Electricity Tariff Regulation in Thailand: Analyses and Applications of Incentive Regulation (Puree Sirasoontorn)Regulating Power without a Five Year Plan: Institutional Changes in the Chinese Power Sector (Kun-Chin Lin, Mika Purra & Hui Lin)The Indonesian Electricity Sector: Institutional Transition, Regulatory Capacity and Outcomes (Mika Purra)Regulating the Independent Power Producers: A Comparative Analysis of Performance of Andhra Pradesh, Gujarat, and Tamil Nadu in India (Rajendra Kumar)Partial Privatization and Nested Regulation: Institutional Choices in Public Sector and Regulatory Reform (Sunil Tankha)The Electricity Industry Reform in Korea: Lessons for Further Liberalization (Junki Kim & Kyuhyun Kim)Water Sector Regulation & Goverance:Regulatory Independence and Contract Incompleteness: Assessing Regulatory Effectiveness in Water Privatization in Manila (Xun Wu, Loit Batac & Nepomuceno A Malaluan)Can Regulation Improve the Performance of Government-Controlled Water Utilities? (David Ehrhardt & Nils Janson)Effects of Regulatory Quality and Political Institutions on Access to Water and Sanitation (Andrew B Whitford, Helen Smith & Anant Mandawat)The Regulation of Water Infrastructure in Italy: Origins and Effects of an ‘Hybrid’ Regulatory System (Alberto Asquer)Measuring Effectiveness of Regulation Across a River System: A Welfare Approach (Alex Coram & Lyle Noakes)Private Sector Participation and Regulatory Reform in Water Supply: The Southern Mediterranean Experience (Edouard Perard)Tempered Responsiveness through Regulatory Negotiations in the Water Sector: Managing Unanticipated Innovations Emerging from Participation Reforms (Boyd Fuller & Sunil Tankha) Readership: Students and academics studying and teaching urban and infrastructure policy; public policy professionals and policy makers. Keywords:Infrastructure;Regulation;Asia;Electricity;Water;Public Policy;Economic ReformKey Features:Brings together established and emerging experts on infrastructure regulationsContains comparative case studies from Asia and other parts of the worldCovers a wide range of key infrastructure industries like telecommunications, power, and water

Download or read book Infrastructure Regulation and Market Reform written by University of Florida. Public Policy Research Center and published by . This book was released on 1998 with total page 217 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Meeting Asia s Infrastructure Needs written by Asian Development Bank and published by Asian Development Bank. This book was released on 2017-02-01 with total page 235 pages. Available in PDF, EPUB and Kindle. Book excerpt: Infrastructure is essential for development. This report presents a snapshot of the current condition of developing Asia's infrastructure---defined here as transport, power, telecommunications, and water supply and sanitation. It examines how much the region has been investing in infrastructure and what will likely be needed through 2030. Finally, it analyzes the financial and institutional challenges that will shape future infrastructure investment and development.

Download or read book Reforming Infrastructure written by Ioannis Nicolaos Kessides and published by World Bank Publications. This book was released on 2004 with total page 328 pages. Available in PDF, EPUB and Kindle. Book excerpt: Electricity, natural gas, telecommunications, railways, and water supply, are often vertically and horizontally integrated state monopolies. This results in weak services, especially in developing and transition economies, and for poor people. Common problems include low productivity, high costs, bad quality, insufficient revenue, and investment shortfalls. Many countries over the past two decades have restructured, privatized and regulated their infrastructure. This report identifies the challenges involved in this massive policy redirection. It also assesses the outcomes of these changes, as well as their distributional consequences for poor households and other disadvantaged groups. It recommends directions for future reforms and research to improve infrastructure performance, identifying pricing policies that strike a balance between economic efficiency and social equity, suggesting rules governing access to bottleneck infrastructure facilities, and proposing ways to increase poor people's access to these crucial services.

Download or read book Institutional Reform Regulation and Privatization written by Rolf W. Künneke and published by Edward Elgar Publishing. This book was released on 2005-01-01 with total page 272 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides evolutionary and institutional perspectives on the reform of infrastructure industries, tracing the development of this process in a number of sectors and countries. The contributors contend that infrastructure based industries such as telecommunications, public transport, water management and energy have been increasingly exposed to the dynamism of the market since becoming privatized, and have therefore been stimulated into short-term efficiency and long-term innovation. Drawing on institutional economic theory backed up with case studies such as the California energy crisis, the Dutch gas industry, oil and electricity companies in Spain and the privatization of Schipol airport in Amsterdam the book focuses on process, driving forces, and actors' roles to explain how new balances are established between competing institutions. The degree to which the processes of institutional change are predictable and the effects of deliberate strategic interventions of governments or private actors are explored. Specific technical and sector aspects and their influence on institutional change in various infrastructures are also discussed.

Download or read book Infrastructure as an Asset Class written by Barbara Weber and published by John Wiley & Sons. This book was released on 2016-05-10 with total page 424 pages. Available in PDF, EPUB and Kindle. Book excerpt: Clear, comprehensive guidance toward the global infrastructure investment market Infrastructure As An Asset Class is the leading infrastructure investment guide, with comprehensive coverage and in-depth expert insight. This new second edition has been fully updated to reflect the current state of the global infrastructure market, its sector and capital requirements, and provides a valuable overview of the knowledge base required to enter the market securely. Step-by-step guidance walks you through individual infrastructure assets, emphasizing project financing structures, risk analysis, instruments to help you understand the mechanics of this complex, but potentially rewarding, market. New chapters explore energy, renewable energy, transmission and sustainability, providing a close analysis of these increasingly lucrative areas. The risk profile of an asset varies depending on stage, sector and country, but the individual structure is most important in determining the risk/return profile. This book provides clear, detailed explanations and invaluable insight from a leading practitioner to give you a solid understanding of the global infrastructure market. Get up to date on the current global infrastructure market Investigate individual infrastructure assets step-by-step Examine illustrative real-world case studies Understand the factors that determine risk/return profiles Infrastructure continues to be an area of global investment growth, both in the developed world and in emerging markets. Conditions continually change, markets shift and new considerations arise; only the most current reference can supply the right information practitioners need to be successful. Infrastructure As An Asset Class provides clear reference based on the current global infrastructure markets, with in-depth analysis and expert guidance toward effective infrastructure investment.

Download or read book Accounting for Infrastructure Regulation written by Martin Rodriguez Pardina and published by World Bank Publications. This book was released on 2008 with total page 240 pages. Available in PDF, EPUB and Kindle. Book excerpt: This title provides a practical guide for regulators, policy-makers, and utility managers for establishing regulatory accounts that can be the cornerstone for better, more complete, and more reliable information. It sets out the essential accounting features of regulatory accounts and provides practical guidance on controversial areas such as cost allocation, asset valuation, and depreciation. It emphasizes the essential requirements for consistency with Generally Accepted Accounting Principles (GAAP).