If government regulation of industry is so inefficient, why is there so little deregulation? One reason is that status quo interests are more resistant to change than anticipated, as the heated debate over when to compensate deregulated firms for extra costs incurred under regulation demonstrates.
Download PDF
Fred S. McChesney (1948–2017) was the de la Cruz-Mentschikoff Endowed Chair in Law and Economics at the University of Miami.
| Other Independent Review articles by Fred S. McChesney | |
| Winter 2001/02 | “Pay to Play” Politics Examined, with Lessons for Campaign-Finance Reform |
