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Deregulation : Where Do We Go from Here? by Joskow, Paul L. is a book available to read on EtoBox.

What is Deregulation : Where Do We Go from Here? about?

As the ongoing financial crisis fuels anti-market sentiment in Washington, the deregulation, industry restructuring, and regulatory reform initiatives of the last thirty years are increasingly coming under attack. In this timely monograph, Paul L. Joskow argues that the crisis in the financial market should not become an excuse for reversing beneficial regulatory reforms in other sectors. The financial crisis presents a valuable opportunity to evaluate a broad range of regulatory reform options and make reasoned decisions about their rightful application to financial products and markets. Competitive markets, while not perfect, are typically the most effective institutions for allocating scarce resources efficiently. Deregulation, privatization, and regulatory reform initiatives have generally (though not always) benefited the U.S. economy by lowering costs, enhancing rates of innovation, matching consumer preferences and product quality, and creating more efficient price structures. In some cases, market imperfections necessitate the introduction of regulatory mechanisms to improve performance. But before imposing new regulations on a particular market, policymakers must apply a d

Author

Joskow, Paul L.

Publisher

Distributed to the trade by National Book Network, AEI Press

Published

2009

Language

EN

ISBN

9780844743202

Subjects

Economics, Management, Business