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Regulatory Impressionism: What Regulators Can and Cannot Do

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Author Info
Raymond L. Gifford () (The Progress and Freedom Foundation)
Abstract

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.

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Publisher Info
Article provided by Concept Economics in its journal Review of Network Economics.

Volume (Year): 2 (2003)
Issue (Month): 4 (December)
Pages: 466-479
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Handle: RePEc:rne:rneart:v:2:y:2003:i:4:p:466-479

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Related research
Keywords: incentive regulation Telecommunications Act regulatory impressionism

References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:

  1. Richard A. Posner, 1974. "Theories of Economic Regulation," NBER Working Papers 0041, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    Other versions:
  2. Abel, Jaison R, 2002. "Entry into Regulated Monopoly Markets: The Development of a Competitive Fringe in the Local Telephone Industry," Journal of Law & Economics, University of Chicago Press, vol. 45(2), pages 289-316, October.
  3. Richard A. Posner, 1971. "Taxation by Regulation," Bell Journal of Economics, The RAND Corporation, vol. 2(1), pages 22-50, Spring. [Downloadable!] (restricted)
  4. Timothy J. Tardiff, 2002. "Pricing Unbundled Network Elements and the FCC's TELRIC Rule: Economic and Modeling Issues," Review of Network Economics, Concept Economics, vol. 1(2), pages 132-146, September. [Downloadable!]
  5. George J. Stigler, 1971. "The Theory of Economic Regulation," Bell Journal of Economics, The RAND Corporation, vol. 2(1), pages 3-21, Spring. [Downloadable!] (restricted)
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This page was last updated on 2008-12-18.

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