This chapter first considers empirical evidence on the benefits of reforms and then addresses reform issues in particular markets. It examines patent mechanisms and R&D policies in innovation markets; optimal environmental regulations and their impact on innovation, investments, and prices; barriers to trade and competition, and the structure of regulatory agencies in telecommunications markets; and some key issues related to financial markets. The concluding section discusses alternative frameworks for assessing the functioning of markets and for evaluating rules and regulations.
|Title of host publication||Reforming Rules and Regulations|
|Subtitle of host publication||Laws, Institutions, and Implementation|
|Publication status||Published - 22 Oct 2010|