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Rationales for Convergence and Multisector Regulation |
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Written by R. Samarajiva, & A. Henten
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Saturday, 27 April 2002 |
The objective of this paper is to critically examine the multiple rationales for ICT and media convergence regulation and multisector utility regulation. With regard to ICT and media convergence, there is focus on the policy and regulatory issues raised by convergence developments at the technical and market levels (convergence regulation), while in the case of multisector regulation, emphasis is on the institutional aspects (regulatory convergence). However, substance and form are interrelated. Multisector regulatory institutions are based on joint cross-sectoral technical and market-based developments and common regulatory issues with respect to infrastructural utilities. In the paper, the conditions that may affect the creation of convergence and multisector regulation, ranging from underlying commonalty of inputs and the behavior of regulated firms to considerations that are specific to the regulatory process such as scarcity of regulatory resources and safeguards for regulatory independence are, therefore, examined.
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