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Creating Competitive Markets: The Politics of Regulatory Reform Paperback – Mar 22 2007

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Product details

  • Paperback: 368 pages
  • Publisher: Brookings Institution Press (March 22 2007)
  • Language: English
  • ISBN-10: 081575115X
  • ISBN-13: 978-0815751151
  • Product Dimensions: 15.4 x 2.5 x 22.7 cm
  • Shipping Weight: 499 g
  • Average Customer Review: Be the first to review this item
  • Amazon Bestsellers Rank: #2,928,774 in Books (See Top 100 in Books)
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Product description


leading theme of public policy over the past 30 years. In the United States, the movement
began in the 1970s with efforts to rewrite the rules for aviation, trucking, and
telecommunications. Since then, many other industries have come in for similar treatment,
with banking, securities, agriculture, and energy heading the list. This trend is often
described as "deregulation," but "market design" is a better term. Promoting competition is
not just about removing legal controls and then getting out of the way. It also requires
that policymakers consciously design new markets, often with significant rules and
regulations to promote efficiency. In Creating Competitive Markets: The Politics and
Economics of Regulatory Reform, leading experts from academia, government, and the private
sector evaluate more than a dozen efforts at market design. The contributors to this volume
analyze a broad range of sectors, including airlines, electricity, education, and pensions.
They examine developments in Canada, the United Kingdom, and Japan, as well as the United
States. In each case, the authors ask three critical questions: Can markets be designed? How
significant are the impediments to competition found in different sectors? And how do the
politics of market design shape the policies that result? Taken together, these chapters
help explain why few recent cases of market design have proven to be as unambiguously
successful or as relatively uncontroversial as the deregulation of trucking, airlines, and
telecommunications. They also provide valuable lessons for future participants in the
never-ending process of market construction and redesign. Rich in analysis and detail,
Creating Competitive Markets is essential reading for anyone interested in regulatory
politics and policy. Contributors include John Cioffi (University of California-Riverside),
Darius Gaskins (Norbridge, Inc.), Jacob Hacker (Yale University), Udi Helman (Federal Energy
Regulatory Commission), Frederick Hess (American Enterprise Institute), Edward Iacobucci
(University of Toronto), Alan Jacobs (University of British Columbia), Michael Levine (New
York University), Jonathan Macey (Yale University), Richard O'Neill (Federal Energy
Regulatory Commission), Eric Patashnik (University of Virginia), Andrew Rich (City College
of New York), Peter Schuck (Yale University), Steven Teles (Yale University), Michael
Trebilcock (University of Toronto), Steven Vogel (University of California-Berkeley), Graham
Wilson (University of Wisconsin), and Ralph A. Winter (University of British Columbia).


brings together a variety of talents to shed unsparing light on one of the most problematic
policy enterprises of our time. It is a rich gift to students of public policy and
practitioners of policy analysis." -Martha Derthick, University of
another, CREATING COMPETITIVE MARKETS reveals the political dynamics that have shaped
important market-oriented reforms and their degree of success or failure. A fascinating,
accessible book for scholars, students, and policymakers." -Robert A. Kagan, University of
California - Berkeley See all Product description

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