Tuesday, March 27, 2012
Does Independence Affect Regulatory Performance? The case of national competition authorities in the European Union
Posted by D. Daniel Sokol
ABSTRACT: Despite having always been assumed to be true, a relationship between the independence of regulatory agencies and their performance has never been formally tested. This paper aims at verifying whether formal regulatory independence affects the performance of national competition authorities in the EU member states. The author presents and discusses a statistical analysis which shows that greater formal independence leads competition authorities to investigate more cases and to issue more decisions.