The United States' experience with antitrust and with directive regulation in the rail, trucking, airline, and telephone sectors offers useful lessons for developing countries. The experience highlights the realities both of market failure and of the difficulties of implementing regulation to control it - and reveals that imperfect regulation may be no better than imperfect competition. Antitrust measures to regulate price fixing and to require approval...
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INFORMATION
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1991/06/30
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Document de travail de recherche sur les politiques
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WPS699
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1
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1
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2010/07/01
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Regulation and deregulation in industrial countries : some lessons for LDCs
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economies of scale and scope
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