TY - BOOK ID - 8206261 TI - Better economic regulation : the role of the regulator. AU - International Transport Forum. AU - Organisation for Economic Co-operation and Development. PY - 2011 SN - 1283155958 9786613155955 9282103277 9282102955 PB - Paris : OECD/ITF, U.K. distributor:Stationery Office, DB - UniCat KW - Transport KW - Transportation and state KW - Infrastructure (Economics) KW - Business & Economics KW - Transportation Economics KW - Government policy KW - Transportation and state. KW - Aeronautics, Commercial KW - Transportation. KW - Government policy. KW - Public transportation KW - Transportation KW - Transportation, Primitive KW - Transportation companies KW - Transportation industry KW - Air service KW - Air transport KW - Air transportation industry KW - Air transportation system KW - Civil aeronautics KW - Civil aviation KW - Commercial aeronautics KW - Commercial aviation KW - State and transportation KW - Transportation policy KW - Economic aspects KW - Locomotion KW - Commerce KW - Communication and traffic KW - Storage and moving trade KW - Aeronautics UR - https://www.unicat.be/uniCat?func=search&query=sysid:8206261 AB - Efficient provision of transport infrastructure is critical to economic growth. The long asset lives of much transport infrastructure indicates governance through regulation, rather than through contract or public ownership. This can ensure predictability in long-term relationships whilst preserving some flexibility to deal with changes in external circumstances. The transparency created by a fully independent regulator is invaluable for ensuring sufficient investment  is forthcoming, while maintaining reasonable conditions for user access. Discussion at the Roundtable focussed on how to achieve effective independent regulation and how to reconcile independence with the legitimate control of policy by the executive part of government. Independent regulation is not seen as a universal default governance arrangement. Much of the discussion focused on when to regulate and when to rely on competition, even if imperfect, to drive efficiency. The discussions underscored that there are opportunities to improve performance significantly in the aviation, rail and road sectors, by learning from successful experience in improving governance structures in a range of countries. ER -