Arbeitspapier

Regulatory Policies and Reforms in the Power and Downstream Oil Industries

This paper looks at the regulatory reforms in the electricity and downstream oil industries, two important inputs to the production process that were heavily regulated by the government. While electricity has strong externalities as well as economies of scale and scope, the oil industry does not exhibit natural monopoly characteristics nor does it display economic features that would warrant government regulation. The paper also analyzes the economic theories underlying these reforms: why is regulation necessary, what are the different forms of regulation, and how can these policy reforms bring about competition? It also identifies the emerging issues and problems associated with the regulatory reforms. Given our little experience in the effective use of public regulation in a market-driven setting, research is needed to provide a deeper understanding of these issues within the context of our economic, institutional and political structure. This is necessary in order to come up with possible approaches to overcome our weaknesses and shore up weak administrative and enforcement capacities.

Sprache
Englisch

Erschienen in
Series: PIDS Discussion Paper Series ; No. 2003-16

Klassifikation
Wirtschaft
Thema
electricity and power
economic regulation
regulatory reform
downstream oil
Energiepolitik
Elektrizitätswirtschaft
Mineralölwirtschaft
Regulierung
Reform
Philippinen

Ereignis
Geistige Schöpfung
(wer)
Aldaba, Rafaelita M.
Ereignis
Veröffentlichung
(wer)
Philippine Institute for Development Studies (PIDS)
(wo)
Makati City
(wann)
2003

Handle
Letzte Aktualisierung
10.03.2025, 11:42 MEZ

Datenpartner

Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.

Objekttyp

  • Arbeitspapier

Beteiligte

  • Aldaba, Rafaelita M.
  • Philippine Institute for Development Studies (PIDS)

Entstanden

  • 2003

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