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Revenue Adequacy: The Good, The Bad And The Ugly, John W. Mayo
Revenue Adequacy: The Good, The Bad And The Ugly, John W. Mayo
John W Mayo
Abstract: The concept of “revenue adequacy” made its way into the legal governance of the rail industry prior to the industry’s substantial deregulation via the Staggers Rail Act in 1980. This seemingly quiet feature of rail legislation has, however, increasingly grown central to the regulatory-deregulatory fault line in the 21st century rail industry. This paper examines the concept of revenue adequacy, a benchmark of United States railroad firms' financial performance calculated annually by regulatory oversight bodies. The paper addresses questions around the origins, measurement, informational provisions, value and policy benefits and costs of revenue adequacy. An examination of the historical …
The Evolution Of Regulation: 20th Century Lessons And 21st Century Opportunities, John W. Mayo
The Evolution Of Regulation: 20th Century Lessons And 21st Century Opportunities, John W. Mayo
John W Mayo
Abstract: Reflections on the evolution of regulatory policies over the past half-century afford the ability to not only identify important drivers to this evolution, but also to identify elements of regulation and deregulation that have been most successful in practice. The common element of these successes has been that they are "results-based." Based on these successes, this paper develops a model of "results-based regulation" through the identification of a set of principles that can used to guide 21st century regulatory practice. A consideration of regulation in the modern telecommunications industry serves as a proof of concept for the model of …
The Evolution Of Regulation: 20th Century Lessons And 21st Century Opportunities, John W. Mayo
The Evolution Of Regulation: 20th Century Lessons And 21st Century Opportunities, John W. Mayo
John W Mayo
Abstract: Reflections on the evolution of regulatory policies over the past half-century afford the ability to not only identify important drivers to this evolution, but also to identify elements of regulation and deregulation that have been most successful in practice. The common element of these successes has been that they are "results-based." Based on these successes, this paper develops a model of "results-based regulation" through the identification of a set of principles that can used to guide 21st century regulatory practice. A consideration of regulation in the modern telecommunications industry serves as a proof of concept for the model of …