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- W2018432904 abstract "This article examines the problem of regulatory opportunism or strategic behavior by the regulator that undermines the performance of price cap regulation (PCR) without technically breaching the price cap commitment. Drawing from the experience with PCR in the telecommunications industry, this article contends that the Hope standard, a litmus test for governing the bounds of regulatory discretion under earnings regulation, cannot be used to rationalize regulatory opportunism under PCR without blurring the distinction between the two regimes. These findings may have implications for recent claims by incumbent firms that regulatory policies designed to foster competition may constitute a governmental taking." @default.
- W2018432904 created "2016-06-24" @default.
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- W2018432904 date "2002-09-01" @default.
- W2018432904 modified "2023-09-26" @default.
- W2018432904 title "Is there ‘Hope’ for price cap regulation?" @default.
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- W2018432904 doi "https://doi.org/10.1016/s0167-6245(02)00046-x" @default.
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