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| Peter C. Carstensen, Susan Beth Farmer | ||||
| Edward Elgar Publishing | ||||
| 2008 | ||||
| English | ||||
| 256 pages | ||||
| 1 MB | ||||
[tab] [content title="Summary"] This comprehensive book offers case studies on the development of competition policy, with a focus on merger policy, across seven major U.S. industries that have undergone significant deregulation over the past four decades: electricity, natural gas, telecommunications, railroads, airlines, hospitals, and banking. It also includes a comparison of the European Union’s efforts to foster competition in the energy, finance, and airline sectors. Each chapter is written by an expert in the respective industry, and examines both the positive and negative outcomes of replacing traditional command-and-control regulations with market-driven processes. The chapters highlight shared economic, legal, and public policy challenges that have emerged following deregulation in these sectors. Collectively, they offer valuable insights into the commonalities of the issues faced and the varying success of different approaches to addressing them in industries undergoing similar transformations. While the contributors generally view the shift away from direct regulation in a positive light, they also identify several ongoing challenges in establishing effective competition within these industries. The detailed analyses in this book will be of significant interest to scholars in law, economics, and political science studying deregulation, as well as economic consultants advising government bodies or private entities, attorneys specializing in deregulated sectors, policymakers working in regulatory agencies, and graduate students engaged in advanced courses on economic regulation. [/content] [content title="Content"] [/content] [content title="Author(s)"] [/content] [/tab]
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