Political Economy of Regulation (Seminar at Ofcom, London, Set. 2016)
We present the modern theories of regulation (Pigouvian, Chicago, Incentives-based, and Institutional-based). We emphasize the importance of the institutional approach of Shleifer and others, and deduct some implications for the design of the statutes and conduct of a regulator. Finally we present some case studies to illustrate the importance of the independence and accountability of the regulator.
The slides are available here: