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Economic Regulation and Its Reform : What Have We Learned?

By: Rose, Nancy L.
Material type: TextTextSeries: eBooks on Demand.NBER-Conference Report: Publisher: Chicago : University of Chicago Press, 2014Description: 1 online resource (619 p.).ISBN: 9780226138169.Subject(s): Deregulation -- United States -- Congresses | Industrial policy -- United States -- Congresses | Trade regulation -- United States -- CongressesGenre/Form: Electronic books.Additional physical formats: Print version:: Economic Regulation and Its Reform : What Have We Learned?DDC classification: 338.0973 Online resources: Click here to view this ebook.
Contents:
Contents; Preface; Learning from the Past: Insights for the Regulation of Economic Activity - Nancy L. Rose; 1. Antitrust and Regulation - Dennis W. Carlton and Randal C. Picker; 2. How Airline Markets Work . . . or Do They? : Regulatory Reform in the Airline Industry - Severin Borenstein and Nancy L. Rose; 3. Cable Regulation in the Internet Era - Gregory S. Crawford; 4. Regulating Competition in Wholesale Electricity Supply - Frank A. Wolak; 5. Incentive Regulation in Theory and Practice: Electricity Distribution and Transmission Networks - Paul L. Joskow
6. Telecommunications Regulation: Current Approaches with the End in Sight - Jerry Hausman and J. Gregory Sidak7. Regulation of the Pharmaceutical-Biotechnology Industry - Patricia M. Danzon and Eric L. Keuffel; 8. Regulation and Deregulation of the US Banking Industry: Causes, Consequences, and Implications for the Future - Randall S. Kroszner and Philip E. Strahan; 9. Retail Securities Regulation in the Aftermath of the Bubble - Eric Zitzewitz; Contributors; Author Index; Subject Index
Summary: The past thirty years have witnessed a transformation of government economic intervention in broad segments of industry throughout the world. Many industries historically subject to economic price and entry controls have been largely deregulated, including natural gas, trucking, airlines, and commercial banking. However, recent concerns about market power in restructured electricity markets, airline industry instability amid chronic financial stress, and the challenges created by the repeal of the Glass-Steagall Act, which allowed commercial banks to participate in investment banking, have led
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Item type Current location Call number URL Status Date due Barcode
Electronic Book UT Tyler Online
Online
HD3616.U46 .R384 2014 (Browse shelf) http://uttyler.eblib.com/patron/FullRecord.aspx?p=1727283 Available EBL1727283

Contents; Preface; Learning from the Past: Insights for the Regulation of Economic Activity - Nancy L. Rose; 1. Antitrust and Regulation - Dennis W. Carlton and Randal C. Picker; 2. How Airline Markets Work . . . or Do They? : Regulatory Reform in the Airline Industry - Severin Borenstein and Nancy L. Rose; 3. Cable Regulation in the Internet Era - Gregory S. Crawford; 4. Regulating Competition in Wholesale Electricity Supply - Frank A. Wolak; 5. Incentive Regulation in Theory and Practice: Electricity Distribution and Transmission Networks - Paul L. Joskow

6. Telecommunications Regulation: Current Approaches with the End in Sight - Jerry Hausman and J. Gregory Sidak7. Regulation of the Pharmaceutical-Biotechnology Industry - Patricia M. Danzon and Eric L. Keuffel; 8. Regulation and Deregulation of the US Banking Industry: Causes, Consequences, and Implications for the Future - Randall S. Kroszner and Philip E. Strahan; 9. Retail Securities Regulation in the Aftermath of the Bubble - Eric Zitzewitz; Contributors; Author Index; Subject Index

The past thirty years have witnessed a transformation of government economic intervention in broad segments of industry throughout the world. Many industries historically subject to economic price and entry controls have been largely deregulated, including natural gas, trucking, airlines, and commercial banking. However, recent concerns about market power in restructured electricity markets, airline industry instability amid chronic financial stress, and the challenges created by the repeal of the Glass-Steagall Act, which allowed commercial banks to participate in investment banking, have led

Description based upon print version of record.

Reviews provided by Syndetics

CHOICE Review

This volume, a National Bureau of Economic Research Conference Report, is a compilation of the writings of some of the best researchers exploring the impact of regulation on an assortment of industries. Eight of the nine chapters cover specific industries (e.g., airlines, cable, electricity, telecommunications, pharmaceutical-biotechnology, and banking), while the first chapter provides context through its introduction of added history. The preface and the opening piece ("Learning from the Past: Insights for the Regulation of Economic Activity"), written by editor Rose (MIT), set the tone for the volume in its emphasis on what scholars have learned about economic regulation and deregulation. Moreover, the book makes clear that while the original conference took place in 2005 and the volume was vetted in 2012, the works of these authors continue to be relevant and perhaps even more valuable in the face of another wave of reactive regulatory response. This must-have volume providing an assessment of the economic effects of regulatory reforms over the past three decades bears on some of today's most significant concerns in regulatory policy, and this reviewer is hard pressed to think of a better treatment of the overall topic. Summing Up: Highly recommended. Upper-division undergraduates and above. --Mary H. Lesser, Lenoir-Rhyne University, Iona College

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