(Hardback)

This study synthesizes and summarizes the theoretical arguments and empirical evidence that suggest that competition works remarkably well to reduce costs and improve efficiency and innovation, even in an arena where competition has typically been ignored--government-financed services.

(Hardback)

The authors' unique empirical analysis of industry specific trade flows using numerous explanatory variables provides a vigorous test of the view that deficit growth is primarily due to unfair foreign trade practices, overzealous antitrust laws, slack U.S. management, and other microeconomic factors.