The Regulator’s Challenge: Providing Stability While Leading Change

Network, Vol. 30, pp. 2-6, 2008

10 Pages Posted: 16 Jan 2010

See all articles by Mark A Jamison

Mark A Jamison

University of Florida - Warrington College of Business Administration, Public Utility Research Center

Date Written: October 16, 2008

Abstract

In this paper, this challenge of regulating in a time of rapid and uncertain change is examined. It begins with an examination of the traditional role of regulation, namely that of controlling the exercise of market and political power, which left unchecked would limit investment in services. Successfully fulfilling this role requires that the regulator maintain some form of independence from industry and political forces and that the regulator be highly competent to perform the complex, technical work that is the bread and butter of regulator work. The current context for regulation, emphasizing the uncertainty that regulators, policymakers, and stakeholders face, is then examined. To be successful, regulators need to properly fulfill their technical roles while also helping the political process express the values that are to guide policy and helping the players in the policy and regulatory processes adapt to new realities as they emerge. The paper concludes with a description of the perils that regulators face in serving in these various roles.

Suggested Citation

Jamison, Mark A., The Regulator’s Challenge: Providing Stability While Leading Change (October 16, 2008). Network, Vol. 30, pp. 2-6, 2008, Available at SSRN: https://ssrn.com/abstract=1536697

Mark A. Jamison (Contact Author)

University of Florida - Warrington College of Business Administration, Public Utility Research Center ( email )

PO Box 117142
Gainesville, FL 32611
United States
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352-392-7796 (Fax)

HOME PAGE: http://warrington.ufl.edu/purc/facultyinfo.asp?WEBID=1217

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