Law-5093 Regulated Industries: 3 hours
This course examines of why and how governments economically regulate businesses. For purposes of this course, economic regulation includes regulating market entry, service quality, and prices. Over the last 25 years, it has also included establishing regulations designed to make markets workably competitive in lieu of imposing pervasive economic regulation. The topics covered in this course include: theories justifying economic regulation of businesses; theories of regulatory failure; public utility regulatory concepts and methods; economic regulation of the natural gas industry; economic regulation of the electric power industry; and an introduction into government interference in the marketplace to encourage the development and use of renewable energy technologies.
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