Dynamic Regulation: Conceptual Foundations, Implementation, Effects

Abstract

This paper describes and critically comments on this transformation of the theoretical underpinnings of practical regulation in the U.S. and assesses its relevance for other nations and regions. The next section provides a brief historical review as to how investment and innovation issues were addressed (or neglected) in U.S. regulation. Section three discusses the core bodies of knowledge used in formulating a more dynamic framework. Section four discusses U.S. unbundling policy and section five policies toward next-generation networks, cases that illustrate the transformation toward dynamic regulation. The design of regulatory policy under uncertainty is addressed in section six, followed by some concluding remarks.