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The Role of Antitrust in a Deregulated Environment

Braeutigam, Ronald R. (1979) The Role of Antitrust in a Deregulated Environment. Social Science Working Paper, 277. California Institute of Technology , Pasadena, CA. (Unpublished) http://resolver.caltech.edu/CaltechAUTHORS:20171016-144016726

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Abstract

In recent years, the extent of regulation has been lessened in a number of industries, including among others airlines, stockbrokers, railroads, telephones, cable television, and hydrocarbon producers. This trend toward deregulation can be expected to continue in these industries and extend in others such as motor carriage. Deregulation measures alone cannot guarantee that markets will perform in a competitive fashion. Thus, an increased reliance on antitrust policy is inevitable. This paper focuses on new trends and problems that will confront antitrust enforcers as a result of deregulation. It emphasizes those problems that are either new or take on more significance because of deregulation rather than reiterating well-known problems often treated in a number of textbooks on antitrust. We draw numerous examples from industries most likely to be affected by deregulation. Since no single form of deregulation can be viewed as typical, the role of antitrust will vary from one industry to another.


Item Type:Report or Paper (Working Paper)
Additional Information:This paper was prepared for the Joint Economic Committee of Congress, and will appear in its Special Study on Economic Change. I would like to thank William Comanor, Roger Noll, and Bruce M. Owen for their helpful suggestions on an earlier draft.
Group:Social Science Working Papers
Record Number:CaltechAUTHORS:20171016-144016726
Persistent URL:http://resolver.caltech.edu/CaltechAUTHORS:20171016-144016726
Usage Policy:No commercial reproduction, distribution, display or performance rights in this work are provided.
ID Code:82385
Collection:CaltechAUTHORS
Deposited By: Jacquelyn Bussone
Deposited On:17 Oct 2017 23:29
Last Modified:17 Oct 2017 23:29

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