Skip to content

Louis Kaplow, An Ex Ante Perspective on Deregulation, Viewed Ex Post, 15 Resource & Energy Econ. 153 (1993).

Abstract: The transition from one legal environment to another — such as that involved with electric utility deregulation — raises concerns about the efficiency of the adjustment process and questions of whether gains and losses caused by the change warrant mitigation, such as through compensation and windfall taxation. This investigation addresses the latter issue from an ex ante perspective that analyzes the effect of the anticipation of transition relief on incentives and risk bearing.