An ‘ODD’ Reaction to Strategy Failure in America’s (Once) Largest Telco
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Deregulation
This article addresses the restructuration of the utilities sector/industry, a process generally described as deregulation. At the core of deregulation processes, not only in the EU, but also in the US, lies the replacement of old-fashioned forms of state regulation based on ownership control by new forms of regulation based on the operation of an independent regulatory body. In Central and Eastern European countries undergoing economic transition, surviving communist-type behavior, along with half-implemented EU deregulation directives, have led to specifically re-regulated utility markets. The new forms of regulation applied in the process of deregulation have served only to preserve the market protection of former state monopolies. Regulators who manage deregulation processes in the EU style allocate benefits across organized producer and consumer groups, so that the regulators' total utility is maximized.
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Part I The evolving intellectual heritage: theories of government failure, property rights and privatization theories of regulation and the deregulation movement theory of contestable markets and deregulation. Part II Privatization - theory and practice: a mixed world of privatization and regulation comparing efficiency of private and public firms. Part III Features of the deregulated marketplace.
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As the electric power industry moves toward deregulation and a regime of competition, a giant regulatory inquest has begun, invoking antitrust principles to avoid allowing any anticompetitive concentration of ownership and control. The competition that is contemplated for the electric power industry is, of course, in the market for electric generation. But what has not been much addressed is the crucial circumstance that electric generation has never before operated in a competitive environment. We know little about the {open_quotes}natural{close_quotes} structure of the industry. And little of the discussion has looked to experience in other regulated industries that have been deregulated and where there is abundant evidence of the kind of structural change that typically follows upon deregulation.
Deregulation
Consolidation
Electric Power Industry
Electric Utility
Natural monopoly
Vertical Integration
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Deregulation
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Currently, most of Japan's regulated industries are in a bottleneck situation characterized by the combination of on‐going deregulation with no progress being witnessed in the series of radical reform. In trying to break away from this botdeneck situation neither calling off the on‐going deregulation, Policy A, nor continuing to endorse the common assumption that ‘it is sufficient if a semblance of deregulation is achieved,’ Policy B, is desirable. Policy A ignores the aspect of industrial regulation causing the industry's fragility, the mutually amplifying effect while Policy B makes light of the aspect of industry fragility conversely generating government involvement.
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Industrial Policy
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First the financial market, then the product market... surely the time has come for deregulation of the labour market? Social theorists argue that labour market deregulation is something of an oxymoron. The market for labour power will always be regulated by someone, if not by the state or the unions then by the untrammelled power of capital. This, i think, is true, but it is not central to the purpose of this paper, which is rather to assess the narrowly economic case for deregulation.
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Oxymoron
Nonmarket forces
Capital (architecture)
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This book explains how four major firms--American Airlines, El Paso Natural Gas, AT&T, and Bank America--and their respective managements were challenged by the deregulation of markets starting in the late 1970s. The four stories illustrate the dynamic process of market restructuring and organizational adjustment, as well as the ways in which managers and regulators painfully learned to operate effectively as their economic and political environments shifted around them.
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Deregulation A political economy analysis Lack of urgency explains why continental Europe trails in the deregulation process. Yet there are lessons to be learnt from deregulation elsewhere. This paper reviews the situation and focuses on the political preconditions for successful deregulation. It finds a clear negative relationship between regulation and economic performance. It characterizes European countries by the degree of regulation of labour and product markets, and finds that the latter seems to be more important for economic performance. Finally, it notes the importance of a proper management of the deregulation effort – which may include some re-regulation: deregulation is more likely to succeed the more transparent the economic benefits, and the more clearly stated the objectives and the time schedule. —Kees Koedijk and jeroen Kremers
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The globalization of business has affected Hong Kong, giving rise to important changes in its labour market and with impacts on workers and labour organizations. This has been felt in the migration of manufacturing plants to China in combination with labour market deregulation via the government's guest worker policy. We examine the institutional implications of liberalizing the previous ban on the admission of guest workers. While this seeming reversal was tantamount to deregulation, it also produced regulation via a new body of norms and rules governing guest labour which were, paradoxically, restrictive and disabling for the affected parties.
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