Regulation and Development

'In this impressive manuscript, Jean Jacques Laffont shows why the regulation of infrastructure services is crucial to achieve equitable and sustainable expansion of infrastructure services in the poorest countries of the world. This new book by one of the fathers of the modern theory of regulation offers a huge first step towards a theory of regulation of network industries for developing countries and provides preliminary empirical tests of this theory. It opens a huge new research agenda for academics and helps practitioners improve their ability to provide effective policy advice. It is a required reading for anyone claiming to care for the effectiveness of the delivery of public services in developing countries.' (Antonio Estache, Senior Economic Advisor, The World Bank)