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Evaluating the Performance of Infrastructure Regulators: A World Bank Handbook

Jon Stern
London Business School, Regulation Initiative

Date: 30 May 2006
Time: 1-2.30pm
Venue: CARR Seminar Room, H615

Jon Stern's lunchtime talk at CARR on 30 May will discuss the evaluation of regulatory systems for infrastructure industries. This talk, based on a forthcoming World Bank Handbook, will concentrate on the issue of how best to estimate the role of regulatory systems and their decisions on infrastructure industry outcomes. This includes outcomes for existing consumers, companies and investors as well as for potential and future consumers. The discussion will focus on the role of evaluation as an ex post 'policy audit'. It will also include some discussion, firstly, of regulatory governance issues and the relationship between governance quality and industry outcomes; and, secondly, of intermediate and transitional regulatory arrangements and how they should be evaluated.

Jon Stern is an Associate at the London Business School's Regulation Initiative and a founder member of the Centre for Competition and Regulatory Policy at City University, London. He also works as an economic consultant with Cambridge Economic Policy Associates (CEPA). He has worked with the World Bank and other agencies in more than 20 developing and transition countries on infrastructure reform and regulation, particularly in electricity. He has published a number of academic and other papers on regulatory governance in developing countries, including the criteria for good regulation and the impact of regulatory governance regimes on investment levels. He is a co-author of a recently completed a World Bank Handbook on the evaluation of infrastructure regulatory systems.