Dynamic Relational Contracts Within a Regulatory Environment: An Examination of State Utility Regulators and Their Constituents
Windes, Deborah Lundberg
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https://hdl.handle.net/2142/72312
Description
Title
Dynamic Relational Contracts Within a Regulatory Environment: An Examination of State Utility Regulators and Their Constituents
Author(s)
Windes, Deborah Lundberg
Issue Date
1993
Doctoral Committee Chair(s)
Leatherwood, Marya,
Department of Study
Business Administration
Discipline
Business Adminstration
Degree Granting Institution
University of Illinois at Urbana-Champaign
Degree Name
Ph.D.
Degree Level
Dissertation
Keyword(s)
Business Administration, Management
Political Science, Public Administration
Abstract
This study examines state regulatory agencies in the context of the dynamic relationships they hold with consumers, the electric utilities they regulate, and politicians at the state level. Two questions addressing regulatory efficacy are examined.
First, how do power differentials within these relationships affect regulatory decisions? Has the electric utility industry been successful in "capturing" regulators as some have suggested, or do other constituents have the power to influence regulators toward their interests?
Secondly, what efforts are made to balance opposing interests? Specifically, do regulators work towards balancing the demands of opposing constituents, and if so, what strategies are adopted?
These questions are examined within the context of state regulatory decisions from 1973-1987. Results indicate complex regulatory relationships surrounding electric utility regulation, and give evidence that state regulators work toward a balancing of constituent interests.
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