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Competition and Regulation: The Railroad Model

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  • Klein, Maury

Abstract

In the following essay on the railroad industry, Maury Klein examines preconceptions and misunderstandings surrounding Americans' views of regulation and competition. He argues that the United States seems to want competition without losers and that, at least in the case of railroads, regulation has often tried to ensure this outcome without a real understanding of the economics of the industry.

Suggested Citation

  • Klein, Maury, 1990. "Competition and Regulation: The Railroad Model," Business History Review, Cambridge University Press, vol. 64(2), pages 311-325, July.
    • Handle: RePEc:cup:buhirw:v:64:y:1990:i:02:p:311-325_06
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    Cited by:

    1. Janice Hauge & Mark Jamison & R. Jewell, 2009. "A Consideration of Telecommunications Market Structure in the Presence of Municipal Provision: The Case of US Cities," Review of Industrial Organization, Springer;The Industrial Organization Society, vol. 34(2), pages 135-152, March.
    2. Nishida, Mitsukuni & Gil, Ricard, 2014. "Regulation, enforcement, and entry: Evidence from the Spanish local TV industry," International Journal of Industrial Organization, Elsevier, vol. 32(C), pages 11-23.
    3. Ricard Gil & Mitsukuni Nishida, 2012. "Does Regulation Drive Competition? Evidence from the Spanish Local TV Industry," Working Papers 12-05, NET Institute.

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