When Congress passes legislation that mandates prescriptive regulations, legislators are under no obligation to understand the problem they are trying to solve, assess alternative solutions, or understand the benefits and costs of their choices. Passage of the positive train control mandate in...

The diversity of regulatory structure between countries provides opportunities to compare government s role and performance in different settings. This study presents such an analysis, looking at telecommunications regulation in Denmark and the United States. We show that Denmark is a leader in...