The role of technological and market structure in regulatory reform

Ronald Ray Braeutigam*

*Corresponding author for this work

Research output: Contribution to journalArticlepeer-review

Abstract

This article considers the role of technological and market structure in determining whether regulatory reform is desirable, and the nature of reform that might be undertaken to improve resource allocation. The article discusses the basis for government intervention in an industry, the role of "natural monopoly," and alternative approaches that might be employed to introduce competition for a market even if competition within a market is not possible (e.g., through competitive auctions, contestability, or monopolistic competition). It suggests the nature of the economic basis for regulatory reform in a number of American industries in recent years.

Original languageEnglish (US)
Pages (from-to)189-203
Number of pages15
JournalJournal of Financial Services Research
Volume2
Issue number3
DOIs
StatePublished - Sep 1 1989

ASJC Scopus subject areas

  • Accounting
  • Finance
  • Economics and Econometrics

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