We examine the impact of electricity sector restructuring on the operating efficiency of coal-fired power plants in India. Between 1995 and 2009, 85 percent of coal-based generation capacity owned by state governments was unbundled from vertically integrated State Electricity Boards into state...

The rise in electronic communications and the recent liberalization of the postal market in the European Union have put national postal-service providers in Central and Eastern Europe (CEE) under pressure to restructure and optimize their operations. The paper employs non-parametric methods to...

The U.S. banking sector has grown substantially since the 1970s and has become more skill-intensive over time. This paper exploits variation in banking deregulation across U.S. states between 1997 and 2008 to test whether the banking sector absorbs talent at the expense of the real sectors in...

Banking reforms--that reduced interest rates--boosted college enrollment rates among able students from middle class families. We define "able" students as those with learning aptitude scores in the top two-thirds of the U.S. population. We define "middle class" as families in which both parents...

Banking reforms — that reduced interest rates — boosted college enrollment rates among able students from middle class families. We define “able” students as those with learning aptitude scores in the top two-thirds of the U.S. population. We define “middle class” as families in...

This article presents salient features of the United States Department of Transportation's decision to deregulation the airline computer reservation systems (CRS) industry and argues that such deregulation may be revisited if market forces and available antitrust enforcement is unable to effect...

The worldwide spread of economic and political liberalism was the defining feature of the late twentieth century. Free-market-oriented economic reforms -- macroeconomic stabilization, liberalization of foreign economic policies, privatization, and deregulation -- took root in many parts of the...

The Dodd-Frank Act will eliminate the requirement that credit products must be rated before they can be sold to banks and pension funds. Supporters argue that if the information in ratings is valuable, issuers or investors will choose to buy the information, even without the requirement. But...