Attacks on regulation have become commonplace in Washington, D.C., and on the campaign trail. Regulatory opponents in … Congress have sought to translate their attacks on regulation into legislative proposals that, if enacted, would subvert the … regulation cannot possibly justify any increase in overall regulatory costs. Supporters of regulatory pay-go have not and cannot …

provide tools for better understanding changes in the approach to regulation, the reform of public utilities, and the complex … sectors and identifying critical flaws in prevailing views on regulation. Deeply rooted in sector analysis, the book conveys a … central message of new institutional economics: that theory should be continuously confronted by facts, and reformed or …

? Despite the incentive to overuse capital under rate-of-return regulation, it turns out that the firm adopts an excessive land …