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Beginning with the Act to Regulate Commerce of 1887, Professor MacAvoy traces the rise of regulation over one hundred years to its sharp curtailment in the 1980s. Originally invoked as a means of controlling the prices set by monopolies, this policy tool found extended use in the last quarter-century to do everything from keeping down energy prices to protecting the health and safety of workers and the quality of the environment. In most cases regulation has been founded on the best of intentions, but as the deregulation of the airline, trucking, and railroad industries in the 1980s made clear there are other ways of achieving social objectives. It is thus useful to ask whether the remaining regulation is having its intended effects, as well as whether there are more effective ways of achieving those same objectives, including strict reliance on open and competitive markets. With this comprehensive study of the economy-wide effect of regulation, Paul MacAvoy considers just this issue. His analysis begins with price regulation, assessing its impact in terms of lost growth in output due to rigid prices and declining quality of service. He then does the same for health, safety, and environmental protection regulation, this time measuring the higher costs from regulatory standards against safer working conditions and better air quality. He finds that regulation is expensive, particularly when you consider that there are other ways to achieve both greater consumer welfare and a larger economy. In a concluding chapter, Professor MacAvoy looks at regulatory reform and finds plenty of room for further reductions in regulation.
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Book by MacAvoy Paul W
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- EditoreW W Norton & Co Inc
- Data di pubblicazione1992
- ISBN 10 0393961869
- ISBN 13 9780393961867
- RilegaturaCopertina flessibile
- Numero di pagine148
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Industry Regulation and the Performance of the American Economy
Editore:
W. W. Norton & Company
(1992)
ISBN 10: 0393961869
ISBN 13: 9780393961867
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Descrizione libro Condizione: Good. Good condition. A copy that has been read but remains intact. May contain markings such as bookplates, stamps, limited notes and highlighting, or a few light stains. Codice articolo F04N-00186
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Foto dell'editore
Industry Regulation and the Performance of the American Economy
Editore:
W. W. Norton & Company
(1992)
ISBN 10: 0393961869
ISBN 13: 9780393961867
Antico o usato
Brossura
Quantità: 1
Da:
Valutazione libreria
Descrizione libro Condizione: Good. SHIPS FROM USA. Used books have different signs of use and do not include supplemental materials such as CDs, Dvds, Access Codes, charts or any other extra material. All used books might have various degrees of writing, highliting and wear and tear and possibly be an ex-library with the usual stickers and stamps. Dust Jackets are not guaranteed and when still present, they will have various degrees of tear and damage. All images are Stock Photos, not of the actual item. book. Codice articolo 6-0393961869-G
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Foto dell'editore
Industry regulation and the performance of the American Economy.
Editore:
W. W. Norton & Company
(1992)
ISBN 10: 0393961869
ISBN 13: 9780393961867
Antico o usato
Brossura
Quantità: 1
Da:
Valutazione libreria
Descrizione libro Condizione: very good. New York : Norton, c1992. Paperback. xii,148 pp. Condition : very good. Condition : very good copy. ISBN 9780393961867. Keywords : RECHT, Codice articolo 150912
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