The Impact of Deregulation on America's Infrastructure Industries: A "Process Model" with Illustrations from Banking
AbstractHow much have critical industries in America changed since their deregulation during the 1980s and 1990s? This paper presents a "process model" of the dramatic shifts experienced by key firms and key industries--from state-supported near-monopolies, to the lower prices and greater choice offered by new entrants, to a shakeout period (large mergers, exits) tentatively restoring the earlier "equilibrium." This process is reviewed, from the experiences of such deregulated industries as: airlines, banking, telecommunications, and electrical utilities, with a more detailed illustration from the banking sector. We trace (1) the initially high volatility, in both their economic performance and management capabilities; followed by (2) the arrival of new entrants (e.g., Southwest Airlines, Nationsbank, CNN, and Enron); and then, (3) a move towards new equilibria, in which the earlier stability is now closely approached and more easily re-established.
Download InfoTo our knowledge, this item is not available for download. To find whether it is available, there are three options:
1. Check below under "Related research" whether another version of this item is available online.
2. Check on the provider's web page whether it is in fact available.
3. Perform a search for a similarly titled item that would be available.
Bibliographic InfoPaper provided by Institute for Policy Resarch at Northwestern University in its series IPR working papers with number 98-13.
Date of creation:
Date of revision:
You can help add them by filling out this form.
reading list or among the top items on IDEAS.Access and download statisticsgeneral information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Thomas Krichel).
If references are entirely missing, you can add them using this form.