, defined as deregulation in the product markets and liberalization and deregulation in the labor markets. After reviewing the …

markets. Deregulation has been accompanied by substantial market consolidation and today the three largest companies control … more than one-third of all U.S. nuclear capacity. We find that deregulation and consolidation are associated with a 10 … percent increase in operating efficiency, achieved primarily by reducing the frequency and duration of reactor outages. At …

deregulation, against efficiency in the real economy, which is aided by tighter regulation and a more stable supply of credit. We …Financial regulation is often framed as a question of economic efficiency. This paper, by contrast, puts the … levels of welfare for the two parties. A regulator has to trade off efficiency in the financial sector, which is aided by …

-owned plants, whose owners were largely insulated from these reforms, experienced the smallest efficiency gains, while investor …-term efficiency benefits from replacing regulated monopoly with a market-based industry structure …