c9ac4373f796caa54feb2eae61ea8974_70babcf69e283a14e152f6530edf4d87 - 1 1What should be regulated As noted in class there have been recent trends of less


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1. 1 What should be regulated? As noted in class, there have been recent trends of less economic regulation and more social regulation. In part, these trends have been based on recommendations of economists working in these areas. Despite some inroads in developing methods to determine what markets should or should not be regulated, there are still controversial areas. Comment and recommend on the need for more regulation, or the reduction of elimination of regulation in the following markets. Please give the reasoning behind your recommendations. a. Cable television. b. Securities markets. c. Electricity. d. Taxicabs and jitneys. e. The public accounting industry. 22 . Regulation and inter-city bus transportation . The public seems unaware of the inter-city bus transportation industry. Originally, this industry was regulated because of the belief that substantial scale economies existed for firms in the industry, like rail transportation. Regulation focused primarily on entry and fare-setting, and was administered at both the federal and state levels. The industry was deregulated by the Bus Regulatory Reform Act of 1982 (P.L. No. 97-261). Under this law, carriers were granted the
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  • Fall '08
  • Olander
  • Monopoly, Corporate Finance, Course And Related Documents, real estate market, Greyhound, inter-city bus, inter-city bus transportation

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