Abstract
This article examines the issue of the appropriate scope of review of economic evidence enshrined in the discretionary assessments of utility regulators in the US and the UK. It advances a balance of institutional competencies approach to the question of the degree of deference owed to the regulatory agency’s economic assessments. In doing so, it revisits the doctrinal positions advanced in the US and UK for the substantive review of administrative discretion, so as to become attuned to the challenges posed by economic evidence. Drawing on insights from political science and economics, the suggested approach illuminates the institutional disadvantages of the courts that may warrant a high degree of deference. At the same time, however, it remains sensitive to the polycentric elements of regulatory disputes as well as to a number of institutional realties that may attenuate the weight of such comparative institutional disadvantages.
Highlights
2.1 This section summarises the current appeals framework for decisions made by the economic regulators and competition authorities
Effective economic regulation and competition enforcement is a key driver of growth
Stable regulatory regime to give them confidence to invest, innovate and compete. This stability relies on regulators and competition authorities taking robust, timely decisions, setting out the ground rules for how markets operate and enforcing these rules effectively
Summary
Enquiries to: Tony Monblat Department for Business, Innovation and Skills 1 Victoria Street London SW1H 0ET. This consultation is relevant to: Businesses of all size, economic regulatory bodies, consumer organizations, legal bodies and academics. This information is available on the GOV.UK website: https://www.gov.uk/government/consultations/streamlining-regulatory-and-competitionappeals-options-for-reform. Where we have identified any third party copyright material you will need to obtain permission from the copyright holders concerned. Streamlining Regulatory and Competition Appeals – Consultation on Options for Reform
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