Trucker Shortage as Government Failure
Loyola University Chicago Journal of Regulatory Compliance, Vol. 1, No. 1 (2016)
22 Pages Posted: 19 Mar 2016 Last revised: 26 Jul 2018
Date Written: March 17, 2016
The United States is experiencing a shortage of large-truck drivers. Such a shortage might normally be attributed to a failure in the market for driver services. Instead, this article argues that the trucker shortage is an example of government failure, wherein government regulations fail to achieve any gains and, instead, worsen existing problems in the regulated industry.
Keywords: public choice, government failure, market failure, regulation
JEL Classification: D21, D40, D50, D73, D78, K23, L51
Suggested Citation: Suggested Citation