European Journal of Law and Economics

, Volume 5, Issue 1, pp 13–50

Destructive Competition or Competition Destroyed? Regulatory Theory and the History of Irish Road Transportation Legislation

Authors

  • Keith Jakee
    • Visiting Research ScholarCity University of Stockholm
    • Lecturer, Department of EconomicsMonash University
  • Leonie Allen
    • Research Associate, Department of EconomicsUniversity of Limerick
Article

DOI: 10.1023/A:1008610432761

Cite this article as:
Jakee, K. & Allen, L. European Journal of Law and Economics (1998) 5: 13. doi:10.1023/A:1008610432761
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Abstract

The principal aim of our study is to contribute to the debate over whether regulation is enacted in the interest of consumers, producers, political agents, or some combination of these. We examine the legislative debates and subsequent regulatory bills surrounding road transportation regulation in Ireland in light of the three dominant theories which purport to explain the existence of regulation: the public interest theory and the so-called Chicago and Virginia theories. A unique feature of our study is an attempt to integrate specific rhetorical concepts used in the public policy debates into the theoretical analysis of regulation. One noteworthy conclusion of our study is that theories of economic processes affect the shaping and results of public policy.

Regulatory theoriesIreland's road and rail transportation regulationeconomic theory and political transfers
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© Kluwer Academic Publishers 1998