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Government Policy for a Partially Deregulated Industry: Deregulate It Fully

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  • Clifford Winston

Abstract

Alfred Kahn was a major force behind regulatory reform that initially benefited air travelers and subsequently consumers in other industries by placing greater reliance on markets than on regulators to allocate resources. Kahn also believed that effective governance was important for deregulation's success. In this paper, I argue that such governance has not occurred in practice and that problems that persist in partially deregulated industries are more likely to be solved by full deregulation and, if necessary, privatization than by government intervention.

Suggested Citation

  • Clifford Winston, 2012. "Government Policy for a Partially Deregulated Industry: Deregulate It Fully," American Economic Review, American Economic Association, vol. 102(3), pages 391-395, May.
    • Handle: RePEc:aea:aecrev:v:102:y:2012:i:3:p:391-95
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    References listed on IDEAS

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    1. Oum, Tae H. & Yan, Jia & Yu, Chunyan, 2008. "Ownership forms matter for airport efficiency: A stochastic frontier investigation of worldwide airports," Journal of Urban Economics, Elsevier, vol. 64(2), pages 422-435, September.
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    Cited by:

    1. Radygin, Alexander & Simachev, Yury & Entov, Revold, 2015. "The state-owned company: “State failure” or “market failure”?1," Russian Journal of Economics, Elsevier, vol. 1(1), pages 55-80.

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