Effective Regulation of Public Utilities
But so soon as I had achieved the entire course of study at the close of which one is usually received into the ranks of the learned, I entirely changed my opinion. For I found myself embarrassed with so many doubts and errors that it seemed to me that the effort to instruct myself had no effect other than the increasing discovery of my own ignorance.
Rene Descartes
Infrastructure, Market Structure, and Utility Performance: Is the Law of Regulation Ready?
Infrastructure, market structure, and utility performance: three challenges for regulators, each one a multidisciplinary puzzle. What role can law play in finding solutions? This speech addresses three main questions: (1) Infrastructure Investment: How Do We Ensure Sufficiency and Prudence? (2) Market Structure: How Do We Produce the "Best Possible Mix of Inevitably Imperfect Regulation and Inevitably Imperfect Competition"? and (3) Utility Performance: How Do We Define It? How Do We Induce It?
Paper published by the National Regulatory Research Institute.