Compensation for U.S. Postal Service workers is determined through a process of collective bargaining and mandatory interest arbitration in the event of impasse. The directive of the Postal Reorganization Act is to maintain compensation similar to that awarded for comparable levels of work in...

Most regulated industries undergoing deregulation are capital intensive. In the existing cost-of-service regulatory framework the primary concern is that, guaranteed a competitive return on capital, the regulated firm has insufficient incentive to be cost efficient. In deregulating firms within...