Stakeholders and Power Relations in Regulation
27 Pages Posted: 27 Jul 2017
Date Written: April 17, 2017
Stakeholders play at least two roles in utility regulation: Some receive benefits, such as customers protected from monopoly power. Stakeholders also influence regulation by, for instance, commenting in proceedings. Most studies on stakeholder relations focus on engagement, such as through advisory groups and public hearings. Largely missing are analyses of power relationships. Some stakeholders, such as lawmakers, have formal authority over regulatory bodies. Others have little formal authority. Stakeholders also vary in how and the degrees to which regulators affect them. This paper examines these relationships and illustrates them with a survey of regulatory agencies in the Caribbean.
Keywords: Regulation, Stakeholders
JEL Classification: H11, K23, L50
Suggested Citation: Suggested Citation