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Regulation and Its Reform


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Table of Contents

Introduction PART 1: A Theory of Regulation 1. Typical Justifications for Regulation 2. Cost-of-Service Ratemaking 3. Historically Based Price Regulation 4. Allocation under a Public Interest Standard 5. Standard Setting 6. Historically Based Allocation 7. Individualized Screening 8. Alternatives to Classical Regulation 9. General Guidelines for Policy Makers PART 2: Appropriate Solutions 10. Match and Mismatch 11. Mismatch: Excessive Competition and Airline Regulation 12. Mismatch: Excessive Competition and the Trucking Industry 13. Mismatch: Rent Control and Natural Gas Field Prices 14. Partial Mismatch: Spillovers and Environmental Pollution 15. Problems of a Possible Match: Natural Monopoly and Telecommunications PART 3: Practical Reform 16. From Candidate to Reform 17. Generic Approaches to Regulatory Reform Appendix 1: The Regulatory Agencies Appendix 2: A Note on Administrative Law Further Reading Notes Index

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The theories developed in this book undergird many of the deregulation reforms achieved over the past five years. They will have an even greater influence on the direction of regulation in the decade to come. -- Lloyd N. Cutler This is an ambitious, impressive, and, I think, important book. -- Alfred E. Kahn A solid contribution to the reform of regulation, approaching the subject with the incisiveness, lucidness, and logical thinking which is a Breyer hallmark. -- Senator Paul Laxalt A book of central importance in the growing national debate over government regulation...that more than any other, is likely to shape the future course of the issue in the 1980s. -- Senator Edward M. Kennedy A superb text for instructing law students on the practical context of administrative law. -- Louis B. Schwartz

About the Author

Stephen Breyer is Associate Justice of the Supreme Court of the United States.


An excellent summary of regulatory practice and policy...It tells us how regulation works, when it fails, where it should be changed, and what to do to change it. American Political Science Review

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