14 research outputs found
Regulatory Capture : Sources and Solutions
Regulatory capture is a pervasive problem in the public arena. The problem oftentimes leaves a policymaker with the paradoxical fear that if he exerts his power, he will eventually lose his power. While attempts at regulatory capture are inevitable, but that does not mean that actual capture must be as well. By crafting a more formalized definition; regulatory capture will be more easily anticipated, detected, and resisted. Identifying the sources and warning signs of regulatory capture can help in both defining the problem and finding solution. Ultimately, regulatory agencies should seek to combat regulatory capture with professional excellence
Regulatory Capture : Sources and Solutions
Regulatory capture is a pervasive problem in the public arena. The problem oftentimes leaves a policymaker with the paradoxical fear that if he exerts his power, he will eventually lose his power. While attempts at regulatory capture are inevitable, but that does not mean that actual capture must be as well. By crafting a more formalized definition; regulatory capture will be more easily anticipated, detected, and resisted. Identifying the sources and warning signs of regulatory capture can help in both defining the problem and finding solution. Ultimately, regulatory agencies should seek to combat regulatory capture with professional excellence
Electric Utility Holding Companies: The New Regulatory Challenges
Prior to 1935, the U.S. electric industry was dominated by holding companies and was unresponsive to ratepayers, regulators, and market forces. The Public Utility Holding Company Act of 1935 reshaped the industry by requiring the divestiture of nonintegrated utility systems. The industry has begun to reshape itself again. Domestic utilities now may invest in generating companies anywhere in the world. The form and activity of a holding company is almost unlimited. The risks of the 1930s-corporate complexity, market power, and limits on regulatory resources-have not changed. New forms of regulation are necessary.