REGULATORY STATE AND REGULATORY AGENCIES IN THE COMPETITION SECTOR: THE MEXICO, NORWAY, AND BRAZIL CASE

Abstract

Drawing from and institutional/structural perspective, the article intends to analyze how the institutional design of regulatory agencies, and more specifically those re- lated to foster economic competence, is able to deal with democratic practices like accountability, transparency and the potential risk of lack of coordination within the public sector. The article is delimited to the study of the institutional design of the regulatory agencies in charge of economic competence and regulation of the financial sector by analyzing regulatory agencies in Mexico, Brazil and Norway. The author explores how the institutional design of such regulatory bodies have an impact on the tension between autonomy and control and the potential conflict between accountability and transparency versus efficiency and effectiveness.