Corruption y Capture in Public Service Regulation
Instituto de Estudios Económicos del Caribe, Universidad del Norte; Technical University of Berlin
Revista de Economía Institucional, Vol. 7, No. 13, Second Semester 2005
Regulation plays a key part in public service reforms. However, corruption and the risk of capture may undermine the purposes of these reforms. Both cost and incentive based regulations carry corruption and capture risks. This document shows that capture is a minor problem compared with market failures in different sectors, and thus proposes reforms to generate transparency and accountability in the regulatory processes.
Number of Pages in PDF File: 19
Keywords: corruption, capture, regulation, public services
JEL Classification: L51, D73, D72, L97Accepted Paper Series
Date posted: August 13, 2006
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