We very much appreciate the opportunity to comment briefly on Professor Brown's review of our book, Regulatory Risk: Economic Principles and Applications to Natural Gas Pipelines and Other Industries ("Regulatory Risk"). Professor Brown's review expresses concern that our book: (1) does not address a wider set of issues, (2) addresses issues that are rapidly becoming obsolete due to growing competition, and (3) offers analogies to matters such as "moral hazard" that needlessly create controversy.
A. L. Kolbe, William B. Tye & Stewart C. Myers,
Response to Brown,
Yale J. on Reg.
Available at: http://digitalcommons.law.yale.edu/yjreg/vol13/iss1/10