Of Stranded Costs and Stranded Hopes
By Fred S. McChesney
This article appeared in the Spring 1999 issue of The Independent Review


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.

Other Independent Review articles by Fred S. McChesney
    Winter 2002   “Pay to Play” Politics Examined, with Lessons for Campaign-Finance Reform

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