Regulatory Impressionism: What Regulators Can and Cannot Do

The decision-making process in state utility commissions is best described as "regulatory impressionism." Working in concert with longstanding notions of judicial deference, the existence of regulatory impressionism has far-reaching implications for the move towards a competitive marketpla...

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Veröffentlicht in:The review of network economics 2003-12, Vol.2 (4), p.466-479
1. Verfasser: Gifford, Raymond L.
Format: Artikel
Sprache:eng
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Zusammenfassung:The decision-making process in state utility commissions is best described as "regulatory impressionism." Working in concert with longstanding notions of judicial deference, the existence of regulatory impressionism has far-reaching implications for the move towards a competitive marketplace in the digital age. This article explores how state commissions should operate given a plethora of constraints from both internal and external sources, concluding that the most effective reforms must come from within.
ISSN:2194-5993
1446-9022
1446-9022
DOI:10.2202/1446-9022.1039