We undertake a study where we examine changes in the profitability, productivity and price recovery of firms in the U.S. telecommunications industry over a sixteen-year period. We assess the performance of thirty-three major companies in the local-exchange sector over six time periods 1975,...

A controversy exists among economists who have found, based on aggregate data analysis, that environmental regulations tend to retard productivity, and business strategists who maintain, based on case analysis, that environmental regulations can enhance productivity. A key point often overlooked...