Modern Economic Regulation

'This is a fantastic textbook on modern economic regulation that beautifully integrates theory and practice like no other book on the market right now, plus it provides a great coverage of the structure and evolution of institutions in a number of key regulated industries.' Christos Genakos, Cambridge Judge Business School, University of Cambridge 'Chris Decker's new book/edition is an invaluable up-to-date analysis and review of the regulation of network industries. It contains a sophisticated treatment of more general or theoretical issues concerning regulation, including the key issue of institutional form, now supplemented by a new chapter on behavioural economics and regulation. The coverage in individual chapters is now expanded beyond the trio of energy, telecoms and water, to include payment systems, aviation and rail, and digital platforms - a huge focus of current regulatory interest. All chapters draw illustrations from the experience of several different countries. Readers can determine how much detail they want to go into, from a more basic understanding to a more granular and up-to-date account of recent developments and directions of change. There is also a very extensive bibliography.' Martin Cave, London School of Economics 'Modern Economic Regulation was already the best and most comprehensive economics of regulation text on the market, and now, with the addition of chapters on the regulation of payment systems, digital platforms, railways and aviation, as well as the interaction of behavioural economics and regulation, it is even better! Assign it to your master's and advanced undergraduate students, as I do to mine.' Russell Pittman, Visiting Professor, Kyiv School of Economics and Director of Economic Research, Antitrust Division, US Department of Justice