The last thirty years have witnessed a fundamental change in the regulation of infrastructure
industries. Whereas firms were subject to rate of return regulation and protected from entry in …

We find that regulators can implement identical rules inconsistently due to differences in
their institutional design and incentives, and this behavior may adversely impact the …

The regulatory and operating context of energy networks is dynamic and constantly
evolving. Achieving a multitude of economic, environmental, social and policy objectives is a …

Austrian Controller Award 2005 This book develops a comprehensive concept of regulatory
risk integrating existing theoretical and empirical research. The focus is on explaining how …

Financial solvency regulation of the US insurance industry occurs at the state level, and is
led by insurance commissioners. Insurance commissioners wield significant discretion over …

We exploit the establishment of a supranational supervisor in Europe (the Single
Supervisory Mechanism) to learn how the organizational design of supervisory institutions …

We analyze the partisanship of Commissioners at the SEC and Governors at the Federal
Reserve Board. Using recent advances in machine learning, we identify partisan phrases in …

This study investigates the relative roles of bond ratings and financial information in the
setting of bond yields. Structural equation modeling techniques are used to learn whether …

We investigate how uncertainty surrounding possible comprehensive regulatory
restructuring affect the investment behavior of firms operating in the industry. We argue that …

This paper examines how regulatory delay affects innovation by a regulated firm. When
product introduction costs fall over time, an extra day of regulatory delay increases time to …