"Regulatory reform" once meant either "alternatives to rate-of-return regulation" or "the advantages of privatization …

hundreds of millions of dollars in costs without knowing whether a given regulation will really solve a significant problem …

-private competition, the benchmarking process described in this paper does not make use of coercive regulation and leaves the competitive …

This paper studies the effect of soft-budget constraints in a pure adverse selection model of monopoly regulation. We …-up allows governments to avoid re-funding moneyloosing firms and that welfare is larger than under traditional regulation where …

. Recognising that regulation is itself costly, and that market contracting, ownership and regulation are partly substitutable forms … contracting, ownership and regulation than does state ownership. Regulation of customer-owned distribution (and transmission) is … ownership has evolved as an effective substitute for regulation. Policy implications are drawn …