Law-5093 Regulated Industries: 3 hours
The study of why and how governments economically regulate businesses. For purposes of this course, economic regulation includes regulating market entry, service quality, 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. Topics covered 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, perhaps, and introduction into government interference in the marketplace to encourage the development and use of renewable energy technologies.
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