Product and labor market deregulation are fundamentally about reducing and redistributing rents, leading economic … players to adjust in turn to this new distribution. Thus, even if deregulation eventually proves beneficial, it comes with … regulation as determining both the entry costs faced by firms, and the degree of competition between firms. We think of labor …

business cycle conditions at the time of deregulation significantly affect adjustment. A reduction of firing costs entails …

electricity prices to allow the utility to recover its prudently incurred costs, a process known as cost-of-service regulation …

following state-level legislation that ended cost-of-service regulation of electricity generation. I find that deregulated … techniques relative to matched plants that were not subject to any regulatory change. Deregulation also led to a shift toward …

understanding whether foreign entry gave rise to difficult-to-reverse changes in the political economy of bank regulation, which …