Neoclassical economics, the dominant economics paradigm, has influenced and been influenced by developments in regulated industries. We identify major theoretical and empirical accomplishments, discuss the impact of these accomplishments on policy development, and list the channels through which...

The continued coexistence of small, publicly owned electricity utilities and larger privately owned utilities suggests that each ownership form has advantages inherent in scale and/or the acquisition of inputs. This pattern may be due to voters being better monitors in small jurisdictions, which...