How to contact us

For further information about this course, please contact the course administrator, Miss Amanda Tinnams:

 

Tel: +44 (0)20 7955 7684
Fax: +44 (0)20 7955 7366

Email: a.tinnams@lse.ac.uk|

Course outline

Course outline

'It's important to understand regulation because there is an increasing movement around the world to have services delivered not by governments but by the regulated private sector. Businesses are also increasingly interested in the use of the right regulatory strategies – those that protect the public interest but do not impose unnecessary restrictions and costs on firms themselves. A common position from their point of view is that if there's going to be regulation, it had better be the best that we can design. That's why we draw participants from business interests as well as regulatory agencies, governments and consultancies.' Professor Rob Baldwin

Day 1

  • Introduction
  • Why regulate?
  • What is good regulation?
  • Explaining regulation
  • How regulation fails - unintended effects
  • Current issues in water regulation

Day 2

  • Techniques of regulation (a): commands and alternatives
  • Techniques of regulation (b): rules and standards
  • The European dimension I
  • The European dimension II
  • Utilities regulation and Europe
  • The re-regulation of electricity markets

Day 3

  • Risk regulation regimes: what are they and why do they vary?
  • Risk management
  • Cost-benefit testing and regulation
  • Working group session 1: cost-benefit testing
  • Utilities regulation - regulatory goals and instruments
  • Regulating monopolies - price capping

Day 4

  • Measuring efficiency - benchmarking, yardsticking and quality
  • Regulating access to networks
  • Regulation in 'competitive' sectors - the cases of telecommunications and energy supply
  • Regulation and competition law
  • The future of utilities regulation

Day 5

  • Working group session 2: accountability
  • Regulatory competition
  • Regulation and the judges
  • Reforms and prospects
  • Franchising
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