Bill is right about the role of "narrow but important" constituencies, and right to
use the CRA as a case in point. During drafting of the Financial Services
Modernization Act (the Gramm-Leach-Bliley bill), the Hill saw heavy lobbying on this
act. The banks see CRA as extortion by community g
Armchairers -
Just FYI, a little favorable press for a regular contributor to this group.
Yesterday's Wash Post (2/19/02, p. A-13) discusses Alex Tabarrok's Entrepreneurial
Economics: Bright Ideas from the Dismal Science.
This was in the Post's regular column, "The Ideas Industry," which not
A few suggestions follow.
for deregulation across several industries:
Robert Crandall and Jerry Ellig, Economic Deregulation and Customer Choice (1996),
Fairfax, VA: Center for Market Processes, George Mason University. This article has
many useful references.
for airline deregulation:
Steve
Alex wrote:
I suppose one could come up with explanations for why this used to
be non-optimal but now is optimal (I await eagerly) but it seems to me
that what these and other incidents teach (such as the auctioning of
radio spectrum, for example) is that sometimes the best explanation for
w
Regarding the earlier question (posed a day or two ago) about why there is no
sale of broadcast spectrum given that only 15 percent of Americans receive
their TV via over-the-air signals:
To begin, the major networks have something like 40 percent of the U.S.
viewing market (I'm not sure of the ex
