Honouring the work of Prof Catherine Waddams
The Objectives of Economic Regulation: Feasibility and Public Acceptability
16 September 2019, Thomas Paine Lecture Theatre, University of East Anglia
In honour of Professor Catherine Waddams’ lifetime of research, the Centre for Competition Policy will be hosting a special one-day conference looking at how regulatory objectives have changed in the last forty years.
At the origin of the current regulatory structure, economic regulation may be characterised as focusing on a narrow definition of economic efficiency. These objectives have since broadened, largely in response to political imperatives. In some sectors, the number of legislated objectives for regulators has multiplied, without regulators receiving simple and implementable guidance on how to weigh the different objectives against each other.
This conference will discuss the theoretical and practical consequences of such trends, as well as the implications for political and public acceptance of devolving regulatory mandates to independent entities not subject to day-to-day political oversight.
With contributions from:
Monica Giulietti (University of Loughborough); Stephen Littlechild (University of Cambridge); Martin Lodge (LSE); David Newbery (University of Cambridge); Maureen Paul (Ofgem); Michael Pollitt (University of Cambridge); Michael Waterson (University of Warwick), and David Deller, Michael Harker & Amelia Fletcher (CCP & UEA).
About Catherine Waddams:
As the founding director of the Centre for Competition Policy and a Professor of Regulation at the Norwich Business School at UEA, Prof Waddams’ key research interests are in the area of Industrial Organization. She has published widely on privatization, regulation and the introduction of competition, especially in energy markets. She is particularly interested in the distributional impact of regulatory reform, and consumer choice in newly opened markets, both in the UK and elsewhere.