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Sequential Regulatory Oversight

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  • Lewis, Tracy R
  • Sappington, David E M

Abstract

We examine a setting where a different regulatory commission controls the activities of a firm in each of two periods. Each commission is concerned primarily with the welfare of contemporary consumers. We examine the efficacy of three different regulatory charters in resolving the intertemporal conflicts that arise between commissions. These charters specify the extent to which the second-period commission is bound to promises made by its predecessor. Copyright 1990 by Kluwer Academic Publishers

Suggested Citation

  • Lewis, Tracy R & Sappington, David E M, 1990. "Sequential Regulatory Oversight," Journal of Regulatory Economics, Springer, vol. 2(4), pages 327-348, December.
  • Handle: RePEc:kap:regeco:v:2:y:1990:i:4:p:327-48
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    Cited by:

    1. Ingo Vogelsang, 2006. "Electricity Transmission Pricing and Performance-based Regulation," The Energy Journal, International Association for Energy Economics, vol. 0(Number 4), pages 97-126.
    2. Armstrong, Mark & Sappington, David E.M., 2007. "Recent Developments in the Theory of Regulation," Handbook of Industrial Organization, Elsevier.
    3. Spanjer, Aldo, 2006. "European gas regulation: a change of focus," MPRA Paper 21146, University Library of Munich, Germany.
    4. Spanjer, Aldo R., 2009. "Regulatory intervention on the dynamic European gas market--neoclassical economics or transaction cost economics?," Energy Policy, Elsevier, vol. 37(8), pages 3250-3258, August.
    5. Boggio, Margherita, 2011. "From Reluctant Privatization to Municipal Capitalism: an Overview on Ownership, Political Connections and Decentralization," MPRA Paper 46232, University Library of Munich, Germany.

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