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Economic evidence in regulatory disputes: revisiting the court-regulatory agency relationship in the US and the UK

Mantzari, D. (2016) Economic evidence in regulatory disputes: revisiting the court-regulatory agency relationship in the US and the UK. Oxford Journal of Legal Studies, 36 (3). pp. 565-594. ISSN 0143-6503

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To link to this item DOI: 10.1093/ojls/gqv035

Abstract/Summary

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.

Item Type:Article
Refereed:Yes
Divisions:Faculty of Arts, Humanities and Social Science > School of Law
ID Code:44978
Publisher:Oxford University Press

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