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The Political Economy of Deregulation: The Case of Intrastate Long Distance

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  • Kaserman, David L
  • Mayo, John W
  • Pacey, Patricia L

Abstract

Observed variation in the decisions of state regulators to deregulate AT&T in the provision of intrastate interLATA telecommunications services provides useful data with which to test the economic theory of regulation against its principal alternative--the public interest theory. An empirical model of the decision to deregulate is specified and estimated. Our results lend empirical support to the economic theory of regulation and fail to support the public interest theory. The results also help to explain the lethargic pace of deregulation of this industry. Copyright 1993 by Kluwer Academic Publishers

Suggested Citation

  • Kaserman, David L & Mayo, John W & Pacey, Patricia L, 1993. "The Political Economy of Deregulation: The Case of Intrastate Long Distance," Journal of Regulatory Economics, Springer, vol. 5(1), pages 49-63, March.
  • Handle: RePEc:kap:regeco:v:5:y:1993:i:1:p:49-63
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    References listed on IDEAS

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    10. Ross Baldick & Ryan Grant & Edward Kahn, 2004. "Theory and Application of Linear Supply Function Equilibrium in Electricity Markets," Journal of Regulatory Economics, Springer, vol. 25(2), pages 143-167, March.
    11. Hurlbut, David & Rogas, Keith & Oren, Shmuel, 2004. "Protecting the Market from "Hockey Stick" Pricing: How the Public Utility Commission of Texas is Dealing with Potential Price Gouging," The Electricity Journal, Elsevier, vol. 17(3), pages 26-33, April.
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    Cited by:

    1. Dewenter, Ralf & Kruse, Jörn, 2011. "Calling party pays or receiving party pays? The diffusion of mobile telephony with endogenous regulation," Information Economics and Policy, Elsevier, vol. 23(1), pages 107-117, March.
    2. Ward, Michael R., . "Rural Telecommunications Subsidies Do Not Help," Journal of Regional Analysis and Policy, Mid-Continent Regional Science Association.
    3. Tomaso Duso & Lars-Hendrik Röller, 2001. "Towards a Political Economy of Industrial Organization: Empirical Regularities from Deregulation," CIG Working Papers FS IV 01-17, Wissenschaftszentrum Berlin (WZB), Research Unit: Competition and Innovation (CIG).
    4. Newbery, David M., 1997. "Privatisation and liberalisation of network utilities," European Economic Review, Elsevier, vol. 41(3-5), pages 357-383, April.
    5. Savitski, David W., 2001. "Initial state regulation of investor-owned utilities," Energy Economics, Elsevier, vol. 23(6), pages 683-695, November.
    6. Catherine Dion & Paul Lanoie & Benoit Laplante, 1996. "Monitoring of Pollution Regulation: Do Local Conditions Matter," CIRANO Working Papers 96s-33, CIRANO.
    7. Georges A. Tanguay & Paul Lanoie & Jérôme Moreau, 2001. "Environmental Policy, Public Interest and Political Market," Cahiers de recherche 01-01, HEC Montréal, Institut d'économie appliquée.
    8. Paul Lanoie & Jérôme Moreau & Georges A. Tanguay, 2001. "Environmental Policy, Public Interest and Political Market," CIRANO Working Papers 2001s-37, CIRANO.
    9. Runtian Jing & John L. Graham, 2008. "Values Versus Regulations: How Culture Plays Its Role," Journal of Business Ethics, Springer, vol. 80(4), pages 791-806, July.
    10. Eriksson, Ross C & Kaserman, David L & Mayo, John W, 1998. "Targeted and Untargeted Subsidy Schemes: Evidence from Postdivestiture Efforts to Promote Universal Telephone Service," Journal of Law and Economics, University of Chicago Press, vol. 41(2), pages 477-502, October.
    11. Craig, J. Dean, 2016. "Motivations for market restructuring: Evidence from U.S. electricity deregulation," Energy Economics, Elsevier, vol. 60(C), pages 162-167.
    12. Crone, Lisa & Tschirhart, John, 1998. "Separating economic from political influences on government decisions," Journal of Economic Behavior & Organization, Elsevier, vol. 35(4), pages 405-425, May.
    13. Duso, Tomaso & Roller, Lars-Hendrik, 2003. "Endogenous deregulation: evidence from OECD countries," Economics Letters, Elsevier, vol. 81(1), pages 67-71, October.
    14. Dion, Catherine & Lanoie, Paul & Laplante, Benoit, 1997. "Monitoring environmental standards : do local conditions matter?," Policy Research Working Paper Series 1701, The World Bank.
    15. David Savitski, 2001. "Price Effects of Across-State Regulation of U.S. Electric Utilities," Review of Industrial Organization, Springer;The Industrial Organization Society, vol. 18(3), pages 337-350, May.
    16. Jeffrey Macher & John Mayo, 2012. "The World of Regulatory Influence," Journal of Regulatory Economics, Springer, vol. 41(1), pages 59-79, February.
    17. Knittel, Christopher R., 1997. "Local telephone pricing: competitive forces at work," Utilities Policy, Elsevier, vol. 6(2), pages 87-96, June.

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