Regulatory Lines and Cost-Benefit Lessons
Regulatory Lines and Cost-Benefit Lessons Ganga Prasad G. Rao http://myprofile.cos.com/gangar Trekking is for lovers, or so one would believe. Why else would anyone walk miles of treacherous serpentine paths to be stung by spines and bees, suffer sunburns and risk exhaustion, only to turn around and walk what would be the equivalent of twice those miles? Brett though, was an exception. His love for trekking was an expression of his freedom, and distaste for the mundane and the routine. Working for the Strategy Group within the Industry-Government Regulatory Panel, IGRP, was supposed to be a breeze. Some considered it a liaison job and looked down upon him, but Brett, the Regulator on the Panel, did not care to stoop low and respond. Instead, what bothered him now, as he ambled along the trekking path, was the perpetual pressure to come up with new concepts and ideas that were at the same time incrementally more efficient, more equitable, and did not engender externalities. Ain’t that t