Regulation and Development
By (author) Jean-Jacques Laffont
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Regulation and Development by Jean-Jacques Laffont
Book DescriptionIn Regulation and Development Jean-Jacques Laffont provides the first theoretical analysis of regulation of public services for developing countries. He shows how the debate between price-cap regulation and cost of service regulation is affected by the characteristics of less developed countries (LDCs) and offers a positive theory of privatization that stresses the role of corruption. He develops a new theory of regulation with limited enforcement capabilities and discusses the delicate issue of access pricing in view of LDC's specificities. In the final chapter he proposes a theory of separation of powers which reveals one of the many vicious circles of underdevelopment made explicit by the economics of information. Based on organization theory and history, and using simple empirical tests wherever possible, Professor Laffont offers a comprehensive evaluation of the different ways to organize the regulatory institutions and opens up a rich new research agenda for development studies.
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Book DetailsISBN: 9780521840187
(216mm x 138mm x 24mm)
Imprint: Cambridge University Press
Publisher: Cambridge University Press
Publish Date: 10-Mar-2005
Country of Publication: United Kingdom
Books By Author Jean-Jacques Laffont
Regulation and Development, Paperback (March 2005)
Jean-Jacques Laffont provides the first theoretical analysis of the regulation of public services for developing countries.
Cost Proxy Models and Telecommunications Policy, Hardback (October 2002)
An empirical approach to understanding telecommunications regulation based on the use of a sophisticated engineering cost proxy model.
Theory of Incentives, Paperback (December 2001)
Following a brief historical overview showing how the problem of incentives has come to the fore in the past two centuries, the authors their work to exploring principal-agent models and various extensions thereof in light of three types of information problems: adverse selection, moral hazard, and non-verifiability.
Incentives and Political Economy, Paperback (October 2001)» View all books by Jean-Jacques Laffont
'Incentives and Political Economy' constructs a normative approach to constitutional design using developments in contract theory. It treats political economy as the study of the incentive problems created by the delegation of Politicians are treated successively as informed supervisors or residual decision-makers.
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Author Biography - Jean-Jacques Laffont
Jean-Jacques Laffont is Professor of Economics at the University of Toulouse and at the University of Southern California. He has published extensively in public economics, incentive theory, development economics and economics of regulation.
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