Although the allocative efficiency benefits of competition are a tenet of microeconomic theory, the relation between … competition and technical efficiency is less well understood. Neoclassical models of profit-maximization subsume static cost … efficiency in the context of electricity industry restructuring. Restructuring programs adopted by many U.S. states made …

Many European countries have sought to increase the efficiency of national railroad companies through a range of … network to third parties. To estimate the effects of reforms on railroad efficiency, we investigate a new World Bank panel … data set that covers many EU countries over a period of 20 years. We compare the passenger traffic efficiency of national …

competitive dynamics so that consumers could benefit from ongoing improvements in price and efficiency levels, recent DOT policies …

be set against the significant disadvantages and costs of sector-specific economic regulation; increasingly the remaining …

The Department of Transportation's announced plan to terminate all federal regulation of airline computer reservation … systems (CRS) in 2004 is somewhat surprising in light of modern economic theories of regulation that highlight barriers to … reform. This Article presents evidence on how CRS regulation affects the market for CRS services from the perspectives of …

The Commonwealth's regulation of interstate aviation, in place for over thirty years, came to an end at midnight on 30 … October 1990. This study reviews the developments in the last few months of regulation and in the first year of deregulation …, been very successful. Reliance on market forces and competition, as opposed to regulation, has so far provided clear …