This volume of Brookings Papers on Economic Activity (BPEA) examines the economic theory of regulation, its evolution following a decade of deregulation, and its impact on specific industries. It presents research from leading economists on critical issues such as the performance of deregulated air transportation, regulatory reform in the electrical power industry, and the implications of industry rents. The collection also delves into patent trends and data, offering insights into innovation and economic policy.

This collection of research from Brookings Papers on Economic Activity (BPEA) offers a snapshot of economic thought and policy analysis from 1989, focusing on regulation and its economic consequences. The papers likely provide in-depth, data-driven analyses relevant to academics, policymakers, and industry professionals. The inclusion of topics like deregulation in air transport and the power industry suggests a focus on applied economics and policy evaluation.