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Abstract: Regulatory Impressionism: What Regulators Can and Cannot Do
Abstract
Regulatory Impressionism: What Regulators Can and Cannot Do
The Review of Network Economics
Vol2, Issue 4 - December 2003, pp 466-479
Author
Abstract
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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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