EVOLUTION OF PUBLIC‐UTILITY INDUSTRY REGULATION: ECONOMISTS AND OTHER DETERMINANTS*

Joseph J. Sprengler

South African Journal of Economics, 1969, vol. 37, issue 1, 3-31

Abstract: In recent history, perhaps the most notable failure to achieve general rules has been that of our regulatory agencies, particularly those charged with allocative functions… The reason for this failure lies… in the nature of the tasks assigned to these agencies; they are trying to do through adjudicative forms something that does not lend itself to accomplishment through those forms.—Lon L. Fuller.

Date: 1969
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