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.

Management, Remedies, Risk (Economics), Political aspects, Delegated legislation, Torts

---

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.

Analysis, Electric utilities, Prices and rates, Costs, Industrial, Industrial costs

---

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.

Economic aspects, Environmental policy, Regulatory compliance costs, Price control, Price regulations, Legislation

Similar abstracts:

• Abstracts: Globalization and the international system. Misunderstanding gradualism. Communism's many legacies in East-central Europe
• Abstracts: Racism in the criminal justice system: problems and suggestions. Civil rights and the criminal justice system
• Abstracts: Reflections on the Portuguese revolution. Serbia's opposition speaks. Serbia's prudent revolution
• Abstracts: US foreign policy and the environment: engagement for the next century. Forging new alliances in Ecuador's Amazon
• Abstracts: What went wrong: repairing the damage to the CTBT. Smoke and mirrors. Aftershocks from the Novaya Zemlya earthquake

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.