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Further Analysis of the Theory of Economic Regulation: The Case of the 1969 Coal Mine Health and Safety Act

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  • Fuess, Scott M, Jr
  • Loewenstein, Mark A

Abstract

How does government regulation influence the structure of industries? In the coal mining industry, increased safety can be provided with personal protection devices or with engineering controls; but the type of safety standard imposed is important because larger producers have a comparative advantage complying with engineering controls. Time series evidence indicates that controls, drove out smaller, less safe mines, thereby shifting production toward larger mines. Copyright 1990 by Oxford University Press.

Suggested Citation

  • Fuess, Scott M, Jr & Loewenstein, Mark A, 1990. "Further Analysis of the Theory of Economic Regulation: The Case of the 1969 Coal Mine Health and Safety Act," Economic Inquiry, Western Economic Association International, vol. 28(2), pages 354-389, April.
    • Handle: RePEc:oup:ecinqu:v:28:y:1990:i:2:p:354-89
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    Cited by:

    1. Filson, Darren & Keen, Edward & Fruits, Eric & Borcherding, Thomas, 2001. "Market Power and Cartel Formation: Theory and an Empirical Test," Journal of Law and Economics, University of Chicago Press, vol. 44(2), pages 465-480, October.
    2. Leon C. Schaller & Patrick J. McNulty & Karen R. Chinander, 1998. "Impact of Hazardous Substances Regulations on Small Firms in Delaware and New Jersey," Risk Analysis, John Wiley & Sons, vol. 18(2), pages 181-189, April.
    3. Marilyn R. Flowers, 1992. "The Political Economy of Mandated Spending," Cato Journal, Cato Journal, Cato Institute, vol. 12(2), pages 337-347, Fall.

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