Railway abandonments, cross-subsidies, and the theory of regulation
β Scribed by William R. Dougan
- Publisher
- Springer US
- Year
- 1984
- Tongue
- English
- Weight
- 454 KB
- Volume
- 44
- Category
- Article
- ISSN
- 0048-5829
No coin nor oath required. For personal study only.
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This paper extends the economic theory of regulation to include endogenous regulatory change. It outlines conditions under which endogenously rising deadweight costs of regulation can alter the policy equilibrium, even if those rising costs are fully anticipated. Within this framework, alternative w
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