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.
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.