Interconnection Animus:  Do Regulatory Procedures Create a "Tragedy of the Commons"?  Can Regulators Defer Gratification in Favor of the Big Picture?

In his essay "The Tragedy of the Commons," Garrett Hardin wrote movingly—and presciently—about the economic effects of an each-man-for-himself approach to grazing.  This presentation, to a conference on transmission policy, asks whether our litigiousness over transmission cost allocation is itself a tragedy of the commons, where the commons is hearing time and participant resources, and the tragedy is the loss of a common commitment to good policy, lost in the daily effort to defeat one's opponents.

Paper published by the National Regulatory Research Institute.