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Opposition to deregulation may involve apprehension regarding environmental pollution [1] and environmental quality standards (such as the removal of regulations on hazardous materials), financial uncertainty, and constraining monopolies. Regulatory reform is a parallel development alongside deregulation. Regulatory reform refers to organized ...
Deregulation may represent trends in some industries (notably finance), but more regulation is the general trend beyond that characterize modern and post-modern capitalism alike. [2] Regulation, which refers to rule making and rule enforcement, is in this interpretation an instrument of organizations—states, business, civil and hybrid and is ...
Regulatory capture is the process through which a regulatory agency, created to act in the public interest, instead advances the commercial or special concerns of interest groups that dominate the industry it is meant to regulate. [2]
Speeches made by senators. Library of Congress. S.652 - All Congressional Actions w/Amendments All speeches, amendments on the Senate Floor, 23 March 1995 through 8 February 1996. U.S. Senate. 104th Congr. 2nd Sess. Vote 8 — 1 February 1996 Senate passes the final revision of S.652, sent to President Clinton who signed it into law on 8 ...
This suggests that licensing can raise quality within an industry by restricting supply, raising labor wages, and raising output prices. Increasing prices may signal either enhanced quality due to perceived or actual skill enhancements or restrictions on the supply of regulated workers.
President Jimmy Carter signs the Staggers Rail Act into law on October 14, 1980. Representative Harley O. Staggers, sponsor of the bill, stands to the president's right.. The Staggers Rail Act of 1980 is a United States federal law that deregulated the American railroad industry to a significant extent, and it replaced the regulatory structure that had existed since the Interstate Commerce Act ...
The theory of contestable markets has been used to argue for weaker application of antitrust laws, as simply observing a monopoly market may not prove that a firm is exploiting its market power to control the price level. [5] Baumol himself argued based on the theory for both deregulation in certain industries and for more regulation in others. [6]
In these industries, we must strive to create a regulatory climate which relies on competitive forces, rather than on inflexible and bureaucratic directives of Federal agencies, to determine which firm will provide the desired transportation services and at what price. The time has come to place greater reliance on market competition.