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Response to Brown

Kolbe, A.
; 
Tye, William
; 
Myers, Stewart
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Yale Journal on Regulation
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12_13YaleJonReg413_Winter1996_.pdf
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Abstract
We very much appreciate the opportunity to comment briefly on Professor Brown's review of our book, Regulatory Risk: Economic Principles and Applications to Natural Gas Pipelines and Other Industries ("Regulatory Risk"). Professor Brown's review expresses concern that our book: (1) does not address a wider set of issues, (2) addresses issues that are rapidly becoming obsolete due to growing competition, and (3) offers analogies to matters such as "moral hazard" that needlessly create controversy.
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http://hdl.handle.net/20.500.13051/7929