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Creation of regulatory frameworks. Direct impact on interstate and intrastate commerce; public utility corporations; the telephone and tele-communications sector including the cable television industry; the airlines and other transportation sectors; banking and finance. Goal of deregulation to create competition. Examples of negative effects of a deregulated marketplace.
Citations 25
Citation Style APA
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Pages 9
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From the Paper
Managerial Economics:
Government Deregulation and its Effects
The Constitution of the United States, in the “commerce Clause,” accords to Congress the “power…to regulate commerce with foreign nations, and among the several States" (Miners, Ringleb & Edwards, 1994, p. 122). In 1824, Chief Justice John Marshall established some of the basic guidelines of the Commerce Clause in Gibbons v. Ogden, holding that commerce among the states means “interstate commerce,” or “commerce which concerns more States than one" (Miners, et al, 1994, p. 123). From this ruling, the Congress and the national government has moved over time to create a number of regulatory frameworks that have a direct impact on both interstate and intrastate commerce; public utility corporations, the telephone and the tele-communications sector,

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