Jacobo Pastor GARCIA VILLAREAL
William E. KOVACIC
Conference on 26 March 2015
Economic governance is de facto organised on a federal basis. It is true that the sectoral regulatory authorities are most often national, but many other levels of governance are involved in regulating industries and markets.
Local and regional authorities play a key role in network industries. Not only can they dictate rules for matters falling within their remit, but they can also be stakeholders in regulation as concessionaires, operators or user representatives.