{"product_id":"the-economics-of-regulation-principles-and-institutions","title":"The Economics of Regulation: Principles and Institutions","description":"\u003cp\u003eAs 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. In his lengthy new introduction to this edition Kahn surveys and analyzes the deregulation revolution that has not only swept the airlines but has transformed American public utilities and private industries generally over the past seventeen years. While attitudes toward regulation have changed several times in the intervening years and government regulation has waxed and waned  the question of whether to regulate more or to regulate less is a topic of constant debate  one that The Economics of Regulation addresses incisively. It clearly remains the standard work in the field  a starting point and reference tool for anyone working in regulation.Kahn points out that while dramatic changes have come about in the structurally competitive industries - the airlines  trucking  stock exchange brokerage services  railroads  buses  cable television  oil and natural gas - the consensus about the desirability and necessity for regulated monopoly in public utilities has likewise been dissolving  under the burdens of inflation  fuel crises  and the traumatic experience with nuclear plants. Kahn reviews and assesses the changes in both areas: he is particularly frank in his appraisal of the effect of deregulation on the airlines. His conclusion today mirrors that of his original  seminal work - that different industries need different mixes of institutional arrangements that cannot be decided on the basis of ideology.\u003c\/p\u003e","brand":"My Store","offers":[{"title":"Default Title","offer_id":44945753309237,"sku":"ByrdShop_0262610523","price":33.53,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0627\/8139\/0901\/files\/9780262610520.jpg?v=1769908896","url":"https:\/\/atxbooks.com\/products\/the-economics-of-regulation-principles-and-institutions","provider":"ATX Books","version":"1.0","type":"link"}