REGULATION BODY OF KNOWLEDGE

The remainder of this Overview is organized as follows. The Regulatory Problem defines the regulatory problem from different perspectives and identifies the basic approaches for overcoming the market power and information issues that tend to underlie many regulatory policies. First Approach: Competition describes the first approach, namely the use of competition. Second Approach summarizes the second approach, which is the gathering and use of information on markets and operators. Third Approach: Incentive Regulation examines the last approach, the use of incentive regulation. The remaining sections examine related issues. Tariff Design describes issues in tariff design. Service Quality, Environmental, and Universal Access/Service Issues covers service quality, environmental, and social issues. Regulatory Process examines the regulatory process. Concluding Observations provides concluding observations.