Economic Regulation and Its Reform: What Have We Learned? (National Bureau of Economic Research Conference Report)

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9780226138022: Economic Regulation and Its Reform: What Have We Learned? (National Bureau of Economic Research Conference Report)
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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 to calls for renewed market intervention.

Economic Regulation and Its Reform collects research by a group of distinguished scholars who explore these and other issues surrounding government economic intervention. Determining the consequences of such intervention requires a careful assessment of the costs and benefits of imperfect regulation. Moreover, government interventions may take a variety of forms, from relatively nonintrusive performance-based regulations to more aggressive antitrust and competition policies and barriers to entry. This volume introduces the key issues surrounding economic regulation, provides an assessment of the economic effects of regulatory reforms over the past three decades, and examines how these insights bear on some of today’s most significant concerns in regulatory policy.

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About the Author:

Nancy L. Rose is the Charles P. Kindleberger Professor of Applied Economics and associate department head for economics at the Massachusetts Institute of Technology. She is a research associate of the NBER and director of its Program on Industrial Organization.

Review:

“A compilation of the writings of some of the best researchers exploring the impact of regulation on an assortment of industries. 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. . . . Highly recommended.” (Choice 2015-04-06)

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Book Description The University of Chicago Press, United States, 2014. Hardback. Condition: New. Language: English . Brand New Book. The past thirty years have witnessed a transformation of government economic intervention in segments of industry throughout the world. Many industries historically subject to economic price and entry controls have been largely deregulated, including natural gas, 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 have led to calls for renewed market intervention. Economic Regulation and Its Reform collects research that explores these and other issues surrounding government economic intervention, providing an assessment of the economic effects of regulatory reforms over the past three decades and examining how these insights bear on some of today s most significant concerns in regulatory policy. Seller Inventory # AAH9780226138022

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