The political economy of (de)regulation: theory and evidence from the US electricity industry
Sign Up to like & getrecommendations! Published in 2019 at "Journal of Institutional Economics"
DOI: 10.1017/s1744137419000535
Abstract: Abstract The choice of whether to regulate firms or to allow them to compete is key. If demand is sufficiently inelastic, competition entails narrower allocative inefficiencies, but also smaller expected profits, and thus weaker incentives… read more here.
Keywords: political economy; deregulation; theory evidence; economy regulation ... See more keywords