The Social And Economic Consequences Of Deregulation
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The Social And Economic Consequences Of Deregulation
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Author : Paul S. Dempsey
language : en
Publisher: Praeger
Release Date : 1989-09-11
The Social And Economic Consequences Of Deregulation written by Paul S. Dempsey and has been published by Praeger this book supported file pdf, txt, epub, kindle and other format this book has been release on 1989-09-11 with Business & Economics categories.
The author discusses the question of federal preemption of intrastate transportation and the experience of intrastate deregulation in some states. He examines the issue of whether more deregulation is in the public interest and, if economic deregulation is to be retained, what form it should take. The author's summary and conclusions can be the basis for study of the effects of economic deregulation in the transportation industry. This book can be a resource for executives dealing with deregulation in such industries as: transportation, telecommunications, broadcasting, electric utilities, cable television, oil and gas, and securities and banking. Defense Transportation Journal This book provides a comprehensive assessment of the social nd economic consequences of one of America's most important infrastructure industries--transportation. Dr. Dempsey traces the legal and political movement from regulation to deregulation. He proceeds to review the empirical results of a decade of deregulation upon airlines, railroads, trucking, and bus companies, and the effects of deregulation upon the shipping and traveling public that rely upon them. The book begins with an analysis of the events that led our nation to establish a regime of economic regulation upon the transportation industry. It also examines the metamorphosis toward deregulation and focuses on several areas in which there has been a significant adverse impact, including economic efficiency, pricing, service, and safety. Dempsey's book addresses the question of federal preemption of intrastate transportation and the experience of intrastate deregulation in some states. Dempsey further examines the issue of whether more deregulation is in the public interest and, if economic regulation is to be retained, what form it should take. The book concludes with an analysis of the public interest in transportation, focusing upon the policy objectives essential in accomplishing social and economic goals beyond allocative efficiency. This book is a necessary resource for executives dealing with deregulation in such industries as: transportation, telecommunications, broadcasting, electric utilities, cable television, oil and gas, and securities and banking.
The Social And Economic Consequences Of Deregulation
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Author : Paul Stephen Dempsey
language : en
Publisher:
Release Date : 1988
The Social And Economic Consequences Of Deregulation written by Paul Stephen Dempsey and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1988 with Deregulation categories.
The Economic Effects Of Airline Deregulation
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Author : Steven Morrison
language : en
Publisher: Brookings Institution Press
Release Date : 2010-12-01
The Economic Effects Of Airline Deregulation written by Steven Morrison and has been published by Brookings Institution Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010-12-01 with Business & Economics categories.
In 1938 the U.S. Government took under its wing an infant airline industry. Government agencies assumed responsibility not only for airline safety but for setting fares and determining how individual markets would be served. Forty years later, the Airline Deregulation Act of 1978 set in motion the economic deregulation of the industry and opened it to market competition. This study by Steven Morrison and Clifford Winston analyzes the effects of deregulation on both travelers and the airline industry. The authors find that lower fares and better service have netted travelers some $6 billion in annual benefits, while airline earnings have increased by $2.5 billion a year. Morrison and Winston expect still greater benefits once the industry has had time to adjust its capital structure to the unregulated marketplace, and they recommend specific public polices to ensure healthy competition.
The Social And Economic Consequences Of Deregulation
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Author : Paul S. Dempsey
language : en
Publisher: Praeger
Release Date : 1989-09-11
The Social And Economic Consequences Of Deregulation written by Paul S. Dempsey and has been published by Praeger this book supported file pdf, txt, epub, kindle and other format this book has been release on 1989-09-11 with Business & Economics categories.
The author discusses the question of federal preemption of intrastate transportation and the experience of intrastate deregulation in some states. He examines the issue of whether more deregulation is in the public interest and, if economic deregulation is to be retained, what form it should take. The author's summary and conclusions can be the basis for study of the effects of economic deregulation in the transportation industry. This book can be a resource for executives dealing with deregulation in such industries as: transportation, telecommunications, broadcasting, electric utilities, cable television, oil and gas, and securities and banking. Defense Transportation Journal This book provides a comprehensive assessment of the social nd economic consequences of one of America's most important infrastructure industries--transportation. Dr. Dempsey traces the legal and political movement from regulation to deregulation. He proceeds to review the empirical results of a decade of deregulation upon airlines, railroads, trucking, and bus companies, and the effects of deregulation upon the shipping and traveling public that rely upon them. The book begins with an analysis of the events that led our nation to establish a regime of economic regulation upon the transportation industry. It also examines the metamorphosis toward deregulation and focuses on several areas in which there has been a significant adverse impact, including economic efficiency, pricing, service, and safety. Dempsey's book addresses the question of federal preemption of intrastate transportation and the experience of intrastate deregulation in some states. Dempsey further examines the issue of whether more deregulation is in the public interest and, if economic regulation is to be retained, what form it should take. The book concludes with an analysis of the public interest in transportation, focusing upon the policy objectives essential in accomplishing social and economic goals beyond allocative efficiency. This book is a necessary resource for executives dealing with deregulation in such industries as: transportation, telecommunications, broadcasting, electric utilities, cable television, oil and gas, and securities and banking.
The Economic Effects Of Surface Freight Deregulation
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Author : Clifford Winston
language : en
Publisher: Brookings Institution Press
Release Date : 2010-12-01
The Economic Effects Of Surface Freight Deregulation written by Clifford Winston and has been published by Brookings Institution Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010-12-01 with Business & Economics categories.
For close to 100 years, America's surface freight industries, primarily rail and trucking, operated under the protective wing of the U.S. government. In 1980 Congress, finding vast inefficiencies in the two industries, substantially deregulated both, opening them at last to market competition. Deregulation has brought with it many changes—for firms within the industries, for their labor force, and for shippers and their customers. Clifford Winston, Thomas M. Corsi, Curtis M. Grimm, and Carol A Evans provide a comprehensive evaluation of the effect of the deregulation legislation on the rail and trucking industries. According to the authors, deregulation has made substantial progress in solving the two most vexing problems of the surface freight transportation industry—excessive rates in the trucking industry and insufficient returns on investment in the rail industry. Competition and efficiency have returned to both industries, and although the labor force in each has suffered wage and job losses, shippers and their customers have gained roughly $20 billion a year in benefits. The authors recommend policies that would continue to promote competition and the efficient use of highway and railway infrastructure.
Costs And Benefits Of Regulation
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Author : Luis J. Guasch
language : en
Publisher:
Release Date : 1999
Costs And Benefits Of Regulation written by Luis J. Guasch and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1999 with categories.
June 1997 This paper examines the economic impact of regulation in industrial and developing countries. It argues that economic analysis can play an important role in restructuring regulated industries and developing more effective regulations, and in reducing politically driven regulation and capture. The past two decades have seen an unparalleled rise in new health, safety, and environmental regulations in industrial countries. At the same time, in some countries there has been substantial economic deregulation of several industries (including airlines, railroads, trucking, energy, telecommunications, and financialmarkets). Developing countries are engaged in deregulating some sectors of the economy and devising new regulatory frameworks for others. After reviewing the literature, Guasch and Hahn provide an overview of the costs and benefits of regulation throughout the world, highlight the potential gains from reform of regulation and deregulation in both industrial and developing countries, draw lessons from experience with government regulation, and suggest how to improve regulation in developing countries. They find that it is possible to explore systematically the costs and benefits of regulatory activities using standard economic analysis. They conclude that regulation - especially regulation aimed at controlling prices and entry into markets that would otherwise be workably competitive - can limit growth and significantly reduce economic welfare. Although unnecessary process regulation can hurt the economy, social regulations may significantly benefit the average consumer. But some regulations do not meet goals effectively and may sometimes reduce living standards. Developing countries can consider several regulatory policies, tools, and frameworks to improve their approach to regulation. What they choose will depend on available administrative expertise and resources, as well as political constraints and economic impacts. Generally, local and national capabilities for evaluating regulation need to be improved. Regulation is not generally undesirable, but it often has undesirable economic consequences, which result in part from political forces to redistribute wealth. These forces need can be mitigated by more sharply evaluating the consequences and tradeoffs of proposed regulations. This paper - a joint product of the Office of the Chief Economist and Senior Vice President, Development Economics and the Advisory Group, Latin America and the Caribbean Technical Department - was produced as a background paper for World Development Report 1997 on the role of the state in a changing world.
The Costs And Benefits Of Regulation
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Author : J. Luis Guasch
language : en
Publisher: World Bank Publications
Release Date : 1997
The Costs And Benefits Of Regulation written by J. Luis Guasch and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 1997 with Analisis costo-beneficio categories.
Job Protection Deregulation In Good And Bad Times
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Author : Mr.Romain A Duval
language : en
Publisher: International Monetary Fund
Release Date : 2017-12-14
Job Protection Deregulation In Good And Bad Times written by Mr.Romain A Duval and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-12-14 with Business & Economics categories.
This paper explores the short-term employment effect of deregulating job protection for regular workers and how it varies with prevailing business cycle conditions. We apply a local projection method to a newly constructed “narrative” dataset of major regular job protection reforms covering 26 advanced economies over the past four decades. The analysis relies on country-sector-level data, using as an identifying assumption the fact that stringent dismissal regulations are more binding in sectors that are characterized by a higher “natural” propensity to regularly adjust their workforce. We find that the responses of sectoral employment to large job protection deregulation shocks depend crucially on the state of the economy at the time of reform——they are positive in an expansion, but become negative in a recession. These findings are consistent with theory, and are robust to a broad range of robustness checks including an Instrumental Variable approach using political economy drivers of reforms as instruments. Our results provide a case for undertaking job protection reform in good times, or for designing it in ways that enhance its short-term impact.
The Redistributive Effects Of Financial Deregulation
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Author : Mr.Anton Korinek
language : en
Publisher: International Monetary Fund
Release Date : 2013-12-17
The Redistributive Effects Of Financial Deregulation written by Mr.Anton Korinek and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-12-17 with Business & Economics categories.
Financial regulation is often framed as a question of economic efficiency. This paper, by contrast, puts the distributive implications of financial regulation center stage. We develop a model in which the financial sector benefits from risk-taking by earning greater expected returns. However, risktaking also increases the incidence of large losses that lead to credit crunches and impose negative externalities on the real economy. We describe a Pareto frontier along which different levels of risktaking map into different levels of welfare for the two parties. A regulator has to trade off efficiency in the financial sector, which is aided by deregulation, against efficiency in the real economy, which is aided by tighter regulation and a more stable supply of credit. We also show that financial innovation, asymmetric compensation schemes, concentration in the banking system, and bailout expectations enable or encourage greater risk-taking and allocate greater surplus to the financial sector at the expense of the rest of the economy.
Understanding The Impacts Of Deregulation In Planning
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Author : Ben Clifford
language : en
Publisher: Springer
Release Date : 2019-04-09
Understanding The Impacts Of Deregulation In Planning written by Ben Clifford and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019-04-09 with Political Science categories.
In England, it has been possible since 2013 to convert an office building into residential use without needing planning permission (as has been required since 1948). This book explores the consequences of this central government driven deregulation on local communities. The policy decision was primarily about boosting the supply of housing, but reflects a broader neoliberal ideology which seeks to reform public planning in many countries to reduce perceived interference in free markets. Drawing on original research in the English local authorities of Camden, Croydon, Leeds, Leicester and Reading, the book provides a case study of the implementation of planning deregulation which demonstrates the lowering of standards in housing quality, the reduced ability of the local state to proactively steer development and plan for their places, and the transfer of wealth from the public to private spheres that has resulted. Comparative case studies from Glasgow and Rotterdam call into question the very need for the deregulation in the first place.