This volume addresses specific economic problems associated with the deregulation process. Based on the author's large body of work on railroad deregulation, it elucidates principles that can be applied to any major industry entering the competitive marketplace--particularly telecommunications and other utilities, including gas and electric. Tye has updated and revised previously published works and structured them into an integrated framework to address major subject areas. Each section addresses a particular issue and can be read on a stand-alone basis. By providing appropriate economic models and rules for successful transition, this work is designed to encourage a successful transition to deregulation.