Regulations Gone Wrong

Free Thoughts
E33 -

Peter Van Doren talks about regulatory failure in markets, specifically phone service, banking, electricity, internet, and health care.

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Hosts
Trevor Burrus
Research Fellow, Constitutional Studies
Aaron Ross Powell
Director and Editor
Guests
Peter Van Doren

Peter Van Doren is editor of the quarterly journal Regulation and an expert in the regulation of housing, land, energy, the environment, transportation, and labor. He has taught at the Woodrow Wilson School of Public and International Affairs (Princeton University), the School of Organization and Management (Yale University), and the University of North Carolina at Chapel Hill. From 1987 to 1988 he was the postdoctoral fellow in political economy at Carnegie Mellon University. His writing has been published in theWall Street Journal, the Washington Post, Journal of Commerce, and the New York Post. Van Doren has also appeared on CNN, CNBC, Fox News Channel, and Voice of America. He received his bachelor’s degree from the Massachusetts Institute of Technology and his master’s degree and doctorate from Yale University.

Aaron and Trevor talk with Peter Van Doren about regulatory failure in markets, specifically phone service, banking, electricity, internet, and health care. Van Doren shows how regulation in these markets works as a hidden tax by cross-​subsidizing competing services and distorting real prices.

Who loses when regulations have unexpected consequences: the companies or the consumers the regulations are meant to protect?