IDEAS home Printed from https://ideas.repec.org/p/wop/nwuipr/98-13.html
   My bibliography  Save this paper

The Impact of Deregulation on America's Infrastructure Industries: A "Process Model" with Illustrations from Banking

Author

Listed:
  • Paul Hirsch
  • Steven Klinkerman
  • Michael Lounsbury

Abstract

How 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.

Suggested Citation

  • Paul Hirsch & Steven Klinkerman & Michael Lounsbury, "undated". "The Impact of Deregulation on America's Infrastructure Industries: A "Process Model" with Illustrations from Banking," IPR working papers 98-13, Institute for Policy Resarch at Northwestern University.
    • Handle: RePEc:wop:nwuipr:98-13
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below 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.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:wop:nwuipr:98-13. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Thomas Krichel (email available below). General contact details of provider: https://edirc.repec.org/data/ipnwuus.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.