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The past thirty years have witnessed a transformation of government
economic intervention in segments of industry throughout the world.
Many industries historically subject to economic price and entry
controls have been largely deregulated, including natural gas,
airlines, and commercial banking. However, recent concerns about
market power in restructured electricity markets, airline industry
instability amid chronic financial stress, and the challenges
created by the repeal of the Glass-Steagall Act have led to calls
for renewed market intervention. Economic Regulation and Its Reform
collects research that explores these and other issues surrounding
government economic intervention, providing an assessment of the
economic effects of regulatory reforms over the past three decades
and examining how these insights bear on some of today's most
significant concerns in regulatory policy.
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