EconPapers    
Economics at your fingertips  
 

The Economics of Regulation: Principles and Institutions, vol 1

Alfred Kahn

in MIT Press Books from The MIT Press

Abstract: As Chairman of the Civil Aeronautics Board in the late 1970s, Alfred E. Kahn presided over the deregulation of the airlines and his book, published earlier in that decade, presented the first comprehensive integration of the economic theory and institutional practice of economic regulation. In his lengthy new introduction to this edition Kahn surveys and analyzes the deregulation revolution that has not only swept the airlines but has transformed American public utilities and private industries generally over the past seventeen years. While attitudes toward regulation have changed several times in the intervening years and government regulation has waxed and waned, the question of whether to regulate more or to regulate less is a topic of constant debate, one that The Economics of Regulation addresses incisively. It clearly remains the standard work in the field, a starting point and reference tool for anyone working in regulation. Kahn points out that while dramatic changes have come about in the structurally competitive industries - the airlines, trucking, stock exchange brokerage services, railroads, buses, cable television, oil and natural gas - the consensus about the desirability and necessity for regulated monopoly in public utilities has likewise been dissolving, under the burdens of inflation, fuel crises, and the traumatic experience with nuclear plants. Kahn reviews and assesses the changes in both areas: he is particularly frank in his appraisal of the effect of deregulation on the airlines. His conclusion today mirrors that of his original, seminal work - that different industries need different mixes of institutional arrangements that cannot be decided on the basis of ideology.

Keywords: deregulation revolution; economics of regulation (search for similar items in EconPapers)
JEL-codes: L51 G38 L93 (search for similar items in EconPapers)
Date: 1988
Edition: 1
ISBN: 0-262-61052-3
References: Add references at CitEc
Citations: View citations in EconPapers (121) Track citations by RSS feed

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:mtp:titles:0262610523

Access Statistics for this book

More books in MIT Press Books from The MIT Press
Bibliographic data for series maintained by Kristin Waites ( this e-mail address is bad, please contact ).

 
Page updated 2020-11-25
Handle: RePEc:mtp:titles:0262610523