But until such evidence emerges, the realistic assumption is that the risk of over-funding is lower than the risk of under-regulating. Agencies that have a choice: cave, or remind the governor that her influence over sitting commissioners is no greater than any other citizen. Also contributing to capture is political distancing for political convenience: when the commission makes the tough calls e. This cookie contains no personal data and is discarded when you close your browser. Agency as evaluator of industry performance: Regulation works when it links inputs to outputs.
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