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The Deregulatory Tar Baby: The Precarious Balance Between Regulation and Deregulation, 1970-2000 and Henceforward

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  • Kahn, Alfred E

Abstract

The recent history of the airline, telecommunications and electric utility industries years amply demonstrates the benefits of deregulation. It also demonstrates both the necessity of continued government involvement and its pitfalls. Prominent among the former are the efficient provision and pricing of infrastructure services, enforcement of antitrust-like policies and regulation of bottleneck facilities. The latter come down to an inherent tendency of regulators to engage in continued micromanagement--to continue to assume responsibility not merely for opening the door to competition but for ensuring that competitors go through it, and to prescribe the results they think an efficient competitive process would produce. Copyright 2002 by Kluwer Academic Publishers

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  • Kahn, Alfred E, 2002. "The Deregulatory Tar Baby: The Precarious Balance Between Regulation and Deregulation, 1970-2000 and Henceforward," Journal of Regulatory Economics, Springer, vol. 21(1), pages 35-56, January.
    • Handle: RePEc:kap:regeco:v:21:y:2002:i:1:p:35-56
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    Cited by:

    1. Klaus Heine, 2013. "Inside the black box: incentive regulation and incentive channeling on energy markets," Journal of Management & Governance, Springer;Accademia Italiana di Economia Aziendale (AIDEA), vol. 17(1), pages 157-186, February.
    2. Paul Joskow & Roger Noll, 2013. "Alfred E. Kahn, 1917–2010," Review of Industrial Organization, Springer;The Industrial Organization Society, vol. 42(2), pages 107-126, March.
    3. Shanker A. Singham & U. Srinivasa Rangan, 2018. "Anti‐Competitive Market Distortions: A Typology," Economic Affairs, Wiley Blackwell, vol. 38(3), pages 339-347, October.
    4. Gwilliam, Ken, 2008. "Bus transport: Is there a regulatory cycle?," Transportation Research Part A: Policy and Practice, Elsevier, vol. 42(9), pages 1183-1194, November.
    5. Michael Crew & Paul Kleindorfer, 2012. "Regulatory economics and the journal of regulatory economics: a 30-year retrospective," Journal of Regulatory Economics, Springer, vol. 41(1), pages 1-18, February.
    6. Arano, Kathleen G. & Blair, Benjamin F., 2008. "An ex-post welfare analysis of natural gas regulation in the industrial sector," Energy Economics, Elsevier, vol. 30(3), pages 789-806, May.
    7. Tretheway, Mike & Andriulaitis, Robert, 2015. "What do we mean by a level playing field in international aviation?," Transport Policy, Elsevier, vol. 43(C), pages 96-103.

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