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A short history of deregulation -- Recent regulatory history -- Enron -- Deregulation -- Notes -- Corporate self-regulation … -- Cost containment versus safety regulation -- Short-term earnings increase -- Shutdown and financial crisis -- Enron … notice -- SEC enforcement -- Epilogue -- Observations -- Notes -- Corporate self-regulation: the accountant as gatekeeper …
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Theory and empirics suggest that by curbing competition, incumbent electricity companies which used to be and here are referred to as Vertically Integrated Utilities (VIUs), can increase their profitability through combined ownership of generation and transmission and/or distribution networks....
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A wave of institutional reforms has shaped the global electricity markets in the past decade spawning generally more competitive and efficient energy markets. While this is evident in the developed market context, distinct inefficiencies are palpable in the emerging market space. Evidence...
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In the rush for development, the regulatory state has assumed the mantle of the new panacea: the instruments and mechanisms necessary for better government, better governance, and better lives. In this paper I pose two basic questions in response to the rise of the regulatory state and its...
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