Abstract
Much of the work of a regulator seems to involve zero-sum divisions of the burdens of the utility enterprise. The company says it needs an extra 20%; the consumer advocate says a 10% rate decrease is in order. The regulator cannot satisfy both. Each issue, viewed in isolation, seems to require a decision about how to cut the pie. When the opportunity comes along to expand the pie, many regulators sit up and take notice, and those that do not, should.
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© 1994 Springer Science+Business Media New York
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Blackmon, G. (1994). Introduction. In: Incentive Regulation and the Regulation of Incentives. Topics in Regulatory Economics and Policy Series, vol 17. Springer, Boston, MA. https://doi.org/10.1007/978-1-4615-2706-0_1
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DOI: https://doi.org/10.1007/978-1-4615-2706-0_1
Publisher Name: Springer, Boston, MA
Print ISBN: 978-1-4613-6165-7
Online ISBN: 978-1-4615-2706-0
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