Skip to main content
Article thumbnail
Location of Repository

After-the-Fact Regulatory Review: Balancing Competing Concerns

By Eric Blank and Stephen Pomerance

Abstract

In their article, Blackmon and Zeckhauser (B\u26Z) describe the problems associated with fragile regulatory commitments and their effect on utility investment. When utilities invest in capital-intensive plants which have long lead-times and little alternative use, these investments become sunk: utilities will leave them in place as long as recovery of their relatively low marginal operating costs is possible. Under certain conditions, this provides pro-consumer regulators with the opportunity to appropriate the benefits associated with the utility\u27s investment for consumers

Topics: Law
Publisher: Yale Law School Legal Scholarship Repository
Year: 1992
OAI identifier: oai:digitalcommons.law.yale.edu:yjreg-1201
Download PDF:
Sorry, we are unable to provide the full text but you may find it at the following location(s):
  • http://digitalcommons.law.yale... (external link)
  • http://digitalcommons.law.yale... (external link)
  • Suggested articles


    To submit an update or takedown request for this paper, please submit an Update/Correction/Removal Request.