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Creating Competitive Markets: The Politics of Regulatory Reform
Creating Competitive Markets The Politics of Regulatory Reform Author:Marc Karnis Landy Can markets be designed? How significant are they impediments to competition found in different sectors? And how do the politics of market design shape the policies that result? Creating Competitive Markets analyzes these questions across a broad range of sectors, including airlines, electricity, education, and pensions. The contribut... more »ors mine developments in the United States, the United Kingdom, Canada, and Japan for evidence about when market design--conventionally known as deregulation--works and when it is likely to fail. While deregulation is often touted as a way to remove politics from the sphere of economics and enterprise, creating markets is an inescapably political process. Policymakers cannot simply remove regulations and walk away. They must fashion new institutions and regulations to promote efficiency, equity, and other important goals--all while contending with political interests similar to those that often made old-style regulation ineffective. Rich in analysis and illuminating detail, Creating Competitive Markets reveals the full complexity of this task.« less