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The move in the past decade to deregulate industries that were tightly regulated has raised the question of whether decreased regulation has brought with it decreased safety. The book considers this question in relation to the airline and motor freight industries, and the studies conclude that there is little evidence that these forms of transport have become less safe as a result of deregulation. The book derives from a conference which attracted scholars of excellent reputation in the field of regulation and safety, including Thomas Gale Moore, W. Kip Viscusi, Elizabeth E. Bailey, and Joseph Stiglitz. Although the studies concentrate on transportation in America, there is a chapter which deals exclusively with the question of regulation of road freight transport in Great Britain.
Contributors; Introduction; Thomas Gale Moore: The myth of deregulation's negative effect on safety; Brock Adams: Deregulation's negative effect on safety; Framework for analysis: John C. Panzar, & Ian Savage: Regulation, deregulation and safety: an economic analysis; Severin Borenstein, & Martin B. Zimmerman: Losses in airline demand and value following accidents; Ezra Hauer: The reign of ignorance in road safety: a case for separating evaluation from implementation; W. Kip Viscusi: The effect of transportation deregulation on worker safety; The airline industry: Nancy L. Rose: Financial influences on airline safety; A. Kanafani, & T.E. Keeler: New entrants and safety; Clinton V. Oster, Jr. & C. Kurt Zorn: Is it still safe to fly?; Elizabeth E. Bailey, & David M. Kirstein: Can truth in airline scheduling help the congestion and delay problem; Richard A. Arnott, & Joseph E. Stiglitz: Congestion pricing to improve air travel safety; John J. Nance: Economic deregulation's unintended but inevitable impact on airline safety; Summary of other aviation issues; The motor carrier industry: Garland Chow: Deregulation, financial distress and safety in the general freight trucking industry; Thomas M. Corsi, & Philip Fanar, Jr: Effects of new entrants on motor carrier safety; Kenneth D. Boyer: The safety effects of mode shifting; Paul P. Jovanis: A system perspective on the effects of economic deregulation on motor carrier safety; An international perspective: Martin Albu, & Michael Glover: The regulation of road freight transport in Great Britain; Ramsey M. Withers: Transportation safety and economic regulatory reform - the Canadian perspective; Summary and policy implications; Summary and policy implications; Background information
'A remarkable variety of data is used in evidence, covering accidents generally ... For those who are interested in both economics and safety this is a useful book.'Andrew Evans, University College London, The Journal of Trasport History, Vol. 14, No. 1, March 1993
