Self-correction mechanisms in the regulatory system
Article Abstract:
The regulatory system and the tort system do not need extensive reform because both incorporate mechanisms for self-correction. The tort system provides mechanisms by which the law evolves through careful consideration in the courts, while the regulatory system is constrained by executive oversight and judicial review. For example, the biggest problem in the tort system is the abuse of mass class actions, but the judicial system is developing an appropriately corrective response. Proposals in Congress for regulatory reform may stifle regulation by imposing unnecessary requirements for risk assessment.
Publication Name: Harvard Journal of Law & Public Policy
Subject: Political science
ISSN: 0193-4872
Year: 1996
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Stranded costs
Article Abstract:
Electric utilities' recovery of stranded costs, justifiable on both equity and efficiency grounds, is an issue requiring a balanced approach serving both investors and consumers. Stranded costs are expenses recoverable under rates granted to exclusive franchises but precluded by future competitive forces. Proposed cost recovery devices include use of access charges or other fees. The effects of takings, regulatory risk, investor goals, consumer interest, and cost mitigation duties should be considered in a recovery method.
Publication Name: Harvard Journal of Law & Public Policy
Subject: Political science
ISSN: 0193-4872
Year: 1995
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Regulatory costs in profile
Article Abstract:
Regulatory expenses of companies are mainly due to three federal requirements. These are environmental and risk education, price and entry control, and paperwork regulations. Paperwork regulations include tax compliance processes and paperwork requirements which do not have a direct social or economic purpose. Environmental and risk reduction regulations include air emission controls, water pollution controls, noise regulation, Superfund compliance and nuclear power safety.
Publication Name: Policy Sciences
Subject: Political science
ISSN: 0032-2687
Year: 1998
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