Franklin D. Roosevelt, Electric Utilities, and the Power of Competition
研究罗斯福新政对电力公用事业的影响，发现其引入竞争的策略比传统自然垄断监管效果更好，基于统计和计量分析。
Historical verdicts on the economic effects of Franklin D. Roosevelt's New Deal have been decidedly mixed. This article examines the New Deal's impact on the electric utility industry. In contrast to Roosevelt's cartel-like policies toward other sectors, his approach to the electric utilities involved the infusion of various forms of direct and indirect competition. Statistical evidence and econometric analysis suggest that Roosevelt's procompetitive strategy produced superior outcomes relative to traditional “natural monopoly” approaches to electric utility regulation.