The Canadian Experience with Deregulation

73 Pages Posted: 5 May 2005

See all articles by Edward Iacobucci

Edward Iacobucci

University of Toronto - Faculty of Law

Michael J. Trebilcock

University of Toronto - Faculty of Law

Ralph A. Winter

University of British Columbia (UBC) - Division of Finance

Date Written: March 2005

Abstract

This paper assesses the current state of deregulation in Canadian markets for telephony, electricity and airlines. It is an opportune time to review the Canadian experience. Enough time has passed since the inception of deregulation, and sufficient problems have arisen in the transition towards competition, that lessons are available. The problems are evident: shortages and consumer intolerance to high prices in electricity markets; a slow (relative to prior expectations) rate of entry of competitors into local telephone service; and bankruptcies in the airline industry. Yet enough distance remains in the transition towards greater reliance on markets, and uncertainty in even how far the transition will take us, that these lessons will prove valuable in the future.

Suggested Citation

Iacobucci, Edward M. and Trebilcock, Michael J. and Winter, Ralph A., The Canadian Experience with Deregulation (March 2005). Queen's Univ. Law & Economics Paper No. 2005-03, Available at SSRN: https://ssrn.com/abstract=704841 or http://dx.doi.org/10.2139/ssrn.704841

Edward M. Iacobucci (Contact Author)

University of Toronto - Faculty of Law ( email )

78 and 84 Queen's Park
Toronto, Ontario M5S 2C5
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Michael J. Trebilcock

University of Toronto - Faculty of Law ( email )

78 and 84 Queen's Park
Toronto, Ontario M5S 2C5
Canada
416-978-5843 (Phone)
416-978-1279 (Fax)

Ralph A. Winter

University of British Columbia (UBC) - Division of Finance ( email )

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Vancouver, BC V6T 1Z2
Canada
604-822-8339 (Phone)
604-822-8377 (Fax)

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