Course Details

The Regulatory State

This course considers the principal modes of ex ante government intervention in markets, generally described as "regulation." The course focuses on economic regulation -- that is, the mode of regulation typically associated with utilities and other quasi-public enterprises -- although it will also touch on health and safety regulation, environmental regulation, and other models of regulation. Economic regulation presents a special case because it generally arises when government decides that a particular industry or market has special characteristics requiring intervention, while health, safety, and other forms of regulation are generally applicable (even if implemented in industry-specific regulations). The course starts by defining the traditional justifications for regulation, and evaluating them in light of current understandings (legal, economic, and political). Next, the course discusses the techniques of regulation, what might be called the "regulator's toolbox," including various forms of price regulation, interconnection and unbundling requirements, quality regulation, and service obligations. The trend towards deregulation will be placed in this context, with particular emphasis on the changes in regulation in the U.S. telecommunications and Internet industries. Finally, the course will identify certain alternatives to regulation, such as tort remedies and the application of antitrust.

Catalog Number: BUSCOM 801I

Course History

Summer 2016
Title: The Regulatory State
Faculty: Speta, James B. (courses | profile)
Section: 1     Credits: 2.0
Capacity: 32     Actual: 31