caa a22 4500 475840399 CHVBK 20180406123900.0 cr unu---uuuuu 170329e20001001xx s 000 0 eng 10.1023/A:1005104732244 doi (NATIONALLICENCE)springer-10.1023/A:1005104732244 Enhancing Efficiency or Crying over Spilled Milk: The Benefits of Reform [Elektronische Daten] [Marc Poitras, Daniel Sutter] We analyze the welfare gains from the reform of existinggovernment-induced distortions. Our results provide support forpolicies aimed at eliminating monopoly and other types of economicdistortion. Welfare gains over the status quo exist wheneverderegulation occurs. The threat of deregulation can induce amonopoly or cartel to modify its behavior, so a reform policy canprove beneficial even if reform does not actually occur. Optimalpolicy with commitment in fact allows a monopoly to deterderegulation. The possibility of reregulation does not reverse ourresults; the per period welfare gain from reform remainsundiminished. Kluwer Academic Publishers, 2000 Poitras Marc Department of Economics and Finance, University of Dayton, 45469, Dayton, OH, U.S.A. aut Sutter Daniel Department of Economics, University of Oklahoma, 73019, Norman, OK, U.S.A. aut Public Choice Kluwer Academic Publishers 105/1-2(2000-10-01), 23-40 0048-5829 105:1-2<23 2000 105 11127 https://doi.org/10.1023/A:1005104732244 text/html Onlinezugriff via DOI 1 research-article jats NATIONALLICENCE 856 40 https://doi.org/10.1023/A:1005104732244 text/html Onlinezugriff via DOI NATIONALLICENCE 700 1- Poitras Marc Department of Economics and Finance, University of Dayton, 45469, Dayton, OH, U.S.A aut NATIONALLICENCE 700 1- Sutter Daniel Department of Economics, University of Oklahoma, 73019, Norman, OK, U.S.A aut NATIONALLICENCE 773 0- Public Choice Kluwer Academic Publishers 105/1-2(2000-10-01), 23-40 0048-5829 105:1-2<23 2000 105 11127 Metadata rights reserved Springer special CC-BY-NC licence nationallicence BK010053 XK010053 XK010000 NATIONALLICENCE NATIONALLICENCE NL-springer