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Who will deregulate the deregulators?
Public Choice, 2009A well-intentioned and fully informed regulator may determine that the optimal policy is to deregulate the market, yet the regulator may be constrained from doing so. In this condition, deregulatory policies originate in exogenous shocks to the regulator’s choice environment.
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, 2001 It is well known in the theoretical literature on deregulation, that any informative signal will be used to give the firm appropriate incentives. This paper presents a model of deregulation that draws on the multi-task model of Holmstrom and Milgrom (1991).
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2021
Abstract A wave of liberalization swept the end of the twentieth century. From the 1970s and 1980s onwards, most developed countries have passed various measures to liberalize and ‘modernize’ the financial markets. Each country had its agenda, but most of them have experienced, to a different extent, a change in regulatory regime.
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Abstract A wave of liberalization swept the end of the twentieth century. From the 1970s and 1980s onwards, most developed countries have passed various measures to liberalize and ‘modernize’ the financial markets. Each country had its agenda, but most of them have experienced, to a different extent, a change in regulatory regime.
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The Economic Journal, 1993
It is always of interest to observe the sharp divisions which arise in professional economic opinion on major policy issues. Bus deregulation is just such a case. When the British government published its proposals to deregulate the bus industry in a White Paper in I984 (DOT, I984), considerable debate ensued, with members of the profession on both ...
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It is always of interest to observe the sharp divisions which arise in professional economic opinion on major policy issues. Bus deregulation is just such a case. When the British government published its proposals to deregulate the bus industry in a White Paper in I984 (DOT, I984), considerable debate ensued, with members of the profession on both ...
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Social Work, 2010
The similarities between 1929 and 2010 in the United States are striking. America in the 1920s was almost giddy in its prosperity. A "housing boom" enabled millions of U.S. citizens for the first time to own their own home. Americans began to depend on automobiles, electricity, radio, and mass advertising to meet household needs.
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The similarities between 1929 and 2010 in the United States are striking. America in the 1920s was almost giddy in its prosperity. A "housing boom" enabled millions of U.S. citizens for the first time to own their own home. Americans began to depend on automobiles, electricity, radio, and mass advertising to meet household needs.
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Deregulation and Privatization
1999The end of the Second World War saw the company AT&T in a dominant position in the US. They had the local monopoly, the long-distance monopoly, and the manufacturing monopoly. They were under constant attack by the Justice Department who sought to stop their monopoly position by applying the Anti-Trust laws. In 1984 they succeeded, and the AT&T
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