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Abstract

Regulatory Impressionism: What Regulators Can and Cannot Do

The Review of Network Economics

Vol2, Issue 4 - December 2003, pp 466-479



Author
  Raymond L. Gifford
The Progress and Freedom Foundation

E-mail: [email protected]

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.

Keywords: incentive regulation, Telecommunications Act, regulatory impressionism

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