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REGULATION, DEREGULATION, AND SAFETY: AN ECONOMIC ANALYSIS. CHAPTER 4 OF TRANSPORTATION SAFETY IN AN AGE OF DEREGULATION

John C. Panzar, Ian Savage

Abstract

This chapter discusses the links between transportation safety and economic deregulation of the motor carrier and airline industries. It attends to the following question: Given the market place changes that are the consequence of deregulation, what government safety policy would be the most appropriate response to these changes?

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Key concepts: Deregulation, Motor carrier, Business, Government (linguistics), Government regulation, Economic analysis, Market economy, Economics