Lessons from Deregulation
Telecommunications and Airlines After the Crunch
By (author) Alfred Kahn
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Lessons from Deregulation by Alfred Kahn
Book DescriptionOver the last several years, the value of stocks in both the airline and the telecommunications industries have dropped catastrophically. Since these industries were among the most important --and most visible --to have been unleashed from regulation in recent decades (albeit in widely differing degree), their difficulties have raised the question of whether their deregulation should be reconsidered or even reversed. Alfred E. Kahn, one of the foremost authorities on deregulation, argues in this book that every passing year demonstrates the superiority of the road chosen for the airlines. He contrasts the financial meltdowns of both the airline and telecommunications industries with others taking place at the same time, particularly in technology-related stocks and ""dot.coms,"" pointing out that these sectors were also relatively free of direct economic regulation. Their experience provides a useful counter to the natural tendency to blame all the woes of aviation and telecommunications on government policy. This book provides a valuable and accessible guide to unraveling the complex world of network deregulation. It will serve as a reference point for practioners and policymakers, as well as an important introduction for the general public.
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Book DetailsISBN: 9780815748199
(229mm x 152mm x 6mm)
Imprint: Brookings Institution
Publisher: Brookings Institution
Publish Date: 22-Dec-2003
Country of Publication: United States
Books By Author Alfred Kahn
Economics of Regulation, Paperback (January 1988)» View all books by Alfred Kahn
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.
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Author Biography - Alfred Kahn
Alfred E. Kahn is the preeminent authority on public utility deretulation in the United States and author of the classic two-volume The Economics of Regulation: Principles and Institutions (Wiley, 1970-71). He served as an economic adviser to President Carter and chairman of the New York Public Service Commission, the Civil Aeronautics Board, and the Council on Wage and Price Stability. He is the Robert Julius Thorne Professor of Political Economy, Emeritus, at Cornell University, New York, USA.
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