000			01737naa a2200205Ia 4500
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001			art0937
100			_aAldaba, Rafaelita M.
245			_aRegulatory policies and reforms in the power and downstream oil industries /
300			_app.65-106
490			_aVol. 31 No. 1 First Sem 2004
520			_aThis paper looks at the regulatory reforms in the electricity and downstream oil industries, two important inputs to the production process that were heavily regulated by the government. While electricity has strong externalities as well as economies of scale and scope, the oil industry does not exhibit natural monopoly characteristics nor does it display economic features that would warrant government regulation. The paper also analyzes the economic theories underlying these reforms: why is regulation necessary, what are the different forms of regulation, and how can these policy reforms bring about competition? It also identifies the emerging issues and problems associated with the regulatory reforms. Given our little experience in the effective use of public regulation in a market-driven setting, research is needed to provide a deeper understanding of these issues within the context of our economic, institutional, and political structure. This is necessary in order to come up with possible approaches to overcome our weaknesses and shore up weak administrative and enforcement capacities.
650			_aOil industry
650			_aIndustry deregulation
650			_aPower crisis
650			_aPower sector
773			_w0115-9143 _tPhilippine Journal of Development
856			_uhttp://dirp4.pids.gov.ph/ris/pjd/pidspjd04-1power.pdf
942			_cART _2MT
999			_c7367 _d7367