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Further Analysis of the Theory of Economic Regulation: The Case of the 1969 Coal Mine Health and Safety Act

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  • Fuess, Scott M, Jr
  • Loewenstein, Mark A

Abstract

How does government regulation influence the structure of industries? In the coal mining industry, increased safety can be provided with personal protection devices or with engineering controls; but the type of safety standard imposed is important because larger producers have a comparative advantage complying with engineering controls. Time series evidence indicates that controls, drove out smaller, less safe mines, thereby shifting production toward larger mines. Copyright 1990 by Oxford University Press.

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  • Fuess, Scott M, Jr & Loewenstein, Mark A, 1990. "Further Analysis of the Theory of Economic Regulation: The Case of the 1969 Coal Mine Health and Safety Act," Economic Inquiry, Western Economic Association International, vol. 28(2), pages 354-389, April.
  • Handle: RePEc:oup:ecinqu:v:28:y:1990:i:2:p:354-89
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    Cited by:

    1. Filson, Darren, et al, 2001. "Market Power and Cartel Formation: Theory and an Empirical Test," Journal of Law and Economics, University of Chicago Press, vol. 44(2), pages 465-480, October.

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