U.S. industry adjustment to economic deregulation

Article Abstract:

Industries appear to behave similarly when it comes to adjusting to their new competitive environment as a result of economic deregulation. This observation contradicts the traditional view that deregulation will have different effects on industries and that it will work for one particular sector and not for others. Empirical evidence also shows that the adjustment of industries is expected to improve consumer welfare and enhance the competitiveness of markets while promoting innovation and customer responsiveness among firms.

Competition (Economics), Economic aspects, Industrial policy, Deregulation, Industry, Industries, Economic stabilization

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Policy watch: corporate average fuel economy standards

Article Abstract:

Corporate Average Fuel Economy (CAFE) standards for light-duty passenger vehicles sold in the US are contained in the 1975 Energy Policy and Conservation Act. Increasing fuel prices during the period after the passing of the Act, however, led to greater efficiency among car manufacturers and buyers, thus rendering CAFE virtually ineffective. Evidence indicates CAFE is less efficient in reducing fuel consumption or carbon emissions than either a petroleum tax or a carbon tax.

Evaluation, Automobile industry, Corporate Average Fuel Economy standards

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Does antitrust policy improve consumer welfare? Assessing the evidence

Article Abstract:

Economists have developed a theory to analyze price fixing, mergers and oligopoly conduct, but fail to identify a single instance where Baker and Rubinfeld survey models are used to assess the welfare effects of antitrust policy. A research agenda has emerged for those who are interested in improving the consumer welfare effects of antitrust policy and enforcement.

United States, Regulation, Licensing, and Inspection of Miscellaneous Commercial Sectors, Antitrust Law, Consumer Protection Laws, Consumer protection, Antitrust issue, Pricing policies

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