1 Typical Justifications for Regulation. 2 Cost-of-Service ratemaking. 3 Historically Based Price Regulation. 4 Allocation Under a Public Interest Standard. 5 Standard Setting. 6 Histirically Based Allocation. 7 Individualized Screening. 8 Alternatives to Classical Regulation. 9 General Guidelines for Policy Markers. 10 Match and Mismatch. 11 Mismatch: excessive competition and Airline Regulation. 12 Mismatch: excessive Competition and the Trucking Industry. 13 Mimatch: Rent Control and Natural Gas Field Prices. 14 Partial Mismatch: Spillovers and Environmental Pollution. 15 Problems of a possible Match: Natural Monopoly and Telecommunications. 16 From Candidate to Reform. 17 Generic Approaches to Regulatory Reform.