Economic Regulations

Author : Nancy L. Rose
Publisher : University of Chicago Press
Page : 704 pages
File Size : 49,5 Mb
Release : 2014-08-29
Category : Business & Economics
ISBN : 9780226138169

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Economic Regulation and Its Reform by Nancy L. Rose Pdf

The past thirty years have witnessed a transformation of government economic intervention in broad segments of industry throughout the world. Many industries historically subject to economic price and entry controls have been largely deregulated, including natural gas, trucking, airlines, and commercial banking. However, recent concerns about market power in restructured electricity markets, airline industry instability amid chronic financial stress, and the challenges created by the repeal of the Glass-Steagall Act, which allowed commercial banks to participate in investment banking, have led to calls for renewed market intervention. Economic Regulation and Its Reform collects research by a group of distinguished scholars who explore these and other issues surrounding government economic intervention. Determining the consequences of such intervention requires a careful assessment of the costs and benefits of imperfect regulation. Moreover, government interventions may take a variety of forms, from relatively nonintrusive performance-based regulations to more aggressive antitrust and competition policies and barriers to entry. This volume introduces the key issues surrounding economic regulation, provides an assessment of the economic effects of regulatory reforms over the past three decades, and examines how these insights bear on some of today’s most significant concerns in regulatory policy.

Author : George Joseph Stigler
Publisher : Unknown
Page : 216 pages
File Size : 46,7 Mb
Release : 1946
Category : Competition
ISBN : UOM:39015019384026

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The Theory of Competitive Price by George Joseph Stigler Pdf

Author : W. Kip Viscusi,Joseph E. Harrington Jr.,John M. Vernon
Publisher : MIT Press
Page : 955 pages
File Size : 54,7 Mb
Release : 2005-08-19
Category : Business & Economics
ISBN : 9780262220750

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Economics of Regulation and Antitrust by W. Kip Viscusi,Joseph E. Harrington Jr.,John M. Vernon Pdf

A substantially revised and updated new edition of the leading text on business and government, with new material reflecting recent theoretical and methodological advances; includes further coverage of the Microsoft antitrust case, the deregulation of telecommunications and electric power, and new environmental regulations. This new edition of the leading text on business and government focuses on the insights economic reasoning can provide in analyzing regulatory and antitrust issues. Departing from the traditional emphasis on institutions, Economics of Regulation and Antitrust asks how economic theory and empirical analyses can illuminate the character of market operation and the role for government action and brings new developments in theory and empirical methodology to bear on these questions. The fourth edition has been substantially revised and updated throughout, with new material added and extended discussion of many topics. Part I, on antitrust, has been given a major revision to reflect advances in economic theory and recent antitrust cases, including the case against Microsoft and the Supreme Court's Kodak decision. Part II, on economic regulation, updates its treatment of the restructuring and deregulation of the telecommunications and electric power industries, and includes an analysis of what went wrong in the California energy market in 2000 and 2001. Part III, on social regulation, now includes increased discussion of risk-risk analysis and extensive changes to its discussion of environmental regulation. The many case studies included provide students not only pertinent insights for today but also the economic tools to analyze the implications of regulations and antitrust policies in the future.The book is suitable for use in a wide range of courses in business, law, and public policy, for undergraduates as well at the graduate level. The structure of the book allows instructors to combine the chapters in various ways according to their needs. Presentation of more advanced material is self-contained. Each chapter concludes with questions and problems.

Author : J. Luis Guasch,Robert William Hahn
Publisher : World Bank Publications
Page : 45 pages
File Size : 44,7 Mb
Release : 1997
Category : Analisis costo-beneficio
ISBN : 8210379456XXX

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The Costs and Benefits of Regulation by J. Luis Guasch,Robert William Hahn Pdf

Author : Christopher Decker
Publisher : Cambridge University Press
Page : 489 pages
File Size : 53,9 Mb
Release : 2015
Category : Business & Economics
ISBN : 9781107024236

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Modern Economic Regulation by Christopher Decker Pdf

This book synthesises the vast literature on economic regulation into a coherent overview of regulatory theory and practice.

Author : Anthony I Ogus
Publisher : Bloomsbury Publishing
Page : 250 pages
File Size : 53,8 Mb
Release : 2004-10-15
Category : Law
ISBN : 9781847316882

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Regulation by Anthony I Ogus Pdf

This is a reprint of Anthony Ogus' classic study of regulation,first published in the 1990s. It examines how, since the last decades of the twentieth century there have been fundamental changes in the relationship between the state and industry. With the aid of economic theory Anthony Ogus critically examines the ways in which public law has been adapted to the task of regulating industrial activity and provides a systematic overview of the theory and forms of social and economic regulation. In particular, he explores the reasons why governments regulate, for which, broadly speaking, two theoretical frameworks exist. First 'public interest' theories determine that regulation should aim to improve social and economic welfare. Second, 'economic' theories suggest that regulation should aim to satisfy the demands of private interests. The book also looks at the evolution of the forms of regulation in Britain, extending to the policies of privatization and deregulation which were so characteristic of the period. The author skilfully evaluates the advantages and disadvantages of the different forms of regulation, particularly in the light of the two theoretical frameworks, but also by involving an analysis of how firms respond to the various kinds of incentives and controls offered by government. A significant feature of the book is its analysis of the choices made by governments between the different forms of regulation and the influence exerted by interest groups (including bureaucrats) and EC law.

Author : David A. Moss,David Moss,John Cisternino
Publisher : The Tobin Project
Page : 169 pages
File Size : 41,8 Mb
Release : 2009
Category : Business & Economics
ISBN : 9780982478806

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New Perspectives on Regulation by David A. Moss,David Moss,John Cisternino Pdf

As an experiment in reconnecting academia to the broader democracy, this work is designed to invigorate public policy debate by rededicating academic work to the pursuit of solutions to society's great problems.

Author : Cary Coglianese,Adam M. Finkel,Christopher Carrigan
Publisher : University of Pennsylvania Press
Page : 299 pages
File Size : 50,6 Mb
Release : 2014-01-06
Category : Political Science
ISBN : 9780812209242

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Does Regulation Kill Jobs? by Cary Coglianese,Adam M. Finkel,Christopher Carrigan Pdf

As millions of Americans struggle to find work in the wake of the Great Recession, politicians from both parties look to regulation in search of an economic cure. Some claim that burdensome regulations undermine private sector competitiveness and job growth, while others argue that tough new regulations actually create jobs at the same time that they provide other benefits. Does Regulation Kill Jobs? reveals the complex reality of regulation that supports neither partisan view. Leading legal scholars, economists, political scientists, and policy analysts show that individual regulations can at times induce employment shifts across firms, sectors, and regions—but regulation overall is neither a prime job killer nor a key job creator. The challenge for policymakers is to look carefully at individual regulatory proposals to discern any job shifting they may cause and then to make regulatory decisions sensitive to anticipated employment effects. Drawing on their analyses, contributors recommend methods for obtaining better estimates of job impacts when evaluating regulatory costs and benefits. They also assess possible ways of reforming regulatory institutions and processes to take better account of employment effects in policy decision-making. Does Regulation Kills Jobs? tackles what has become a heated partisan issue with exactly the kind of careful analysis policymakers need in order to make better policy decisions, providing insights that will benefit both politicians and citizens who seek economic growth as well as the protection of public health and safety, financial security, environmental sustainability, and other civic goals. Contributors: Matthew D. Adler, Joseph E. Aldy, Christopher Carrigan, Cary Coglianese, E. Donald Elliott, Rolf Färe, Ann Ferris, Adam M. Finkel, Wayne B. Gray, Shawna Grosskopf, Michael A. Livermore, Brian F. Mannix, Jonathan S. Masur, Al McGartland, Richard Morgenstern, Carl A. Pasurka, Jr., William A. Pizer, Eric A. Posner, Lisa A. Robinson, Jason A. Schwartz, Ronald J. Shadbegian, Stuart Shapiro.

Author : Wang Junhao
Publisher : Routledge
Page : 197 pages
File Size : 53,7 Mb
Release : 2021-07-06
Category : Business & Economics
ISBN : 9781000404845

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The Economics of Government Regulation by Wang Junhao Pdf

Regulation is a public policy approach closely related to calculations of the equilibrium of supply and demand and to cost-benefit analyses. Governments combine a variety of incentives and restrictions on behavior, including laws and regulations, in order to guide enterprises and smaller entities within the economy toward pursuing policies in the public interest. This book offers an in-depth and systematic review of the economic theory of regulation, with particular emphasis on the Chinese context. The basic concepts cover economic and social regulation, regulatory process, regulation under asymmetric information, and capture theory. Drawing on a broad range of cases from across the telecommunications, electric power, and water sectors since the founding of the People’s Republic of China in 1949, the author explores economic regulation in China with reference to natural monopoly, investment, price level and price structure, entry, and competition. In addition, he discusses theories of externalities and asymmetric information, which are analyzed in the light of China’s environmental and product quality regulation. The author argues that the Chinese government has deregulated its economy to a large extent in the past and proposes that the Chinese government will enforce more social regulation in the future. Students and scholars of government regulation, economics, and industrial organization will find this volume to be an essential guide.

Author : Jason F. Shogren
Publisher : Springer
Page : 232 pages
File Size : 45,9 Mb
Release : 1989-08-31
Category : Business & Economics
ISBN : STANFORD:36105038600370

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The Political Economy of Government Regulation by Jason F. Shogren Pdf

Papers presented at the 2nd annual Broyhill forum, held at and sponsored by Appalachian State University, Nov. 11, 1988.

Author : Junji Nakagawa
Publisher : Unknown
Page : 409 pages
File Size : 52,9 Mb
Release : 2011
Category : Business & Economics
ISBN : 9780199604661

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International Harmonization of Economic Regulation by Junji Nakagawa Pdf

With the advancing globalization of the world economy, domestic economic regulations are becoming more and more subject to efforts at international harmonization. This book presents an analysis of this worldwide phenomenon from both a legal and a politico-economic perspective by focusing on (1) the backgrounds and objectives of international harmonization, (2) the negotiating processes involved, and (3) the impact of harmonization on domestic laws and their administration. International harmonization is discussed in a wide range of cases including trade-related regulations, technical standards and food safety standards, intellectual property rights, labour standards, competition law and policy, financial regulations, and regulations concerning transnational economic crime. Drawing on a wide range of materials and applying a unified analytical framework based on theoretical as well as practical observations, the book surveys this much debated topic in a comprehensive and accessible way. It thus contributes to a better understanding of both the chances and the challenges of globalization and global governance today.

Author : Roselyn Hsueh
Publisher : Cornell University Press
Page : 321 pages
File Size : 52,6 Mb
Release : 2011-10-15
Category : Political Science
ISBN : 9780801462856

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China's Regulatory State by Roselyn Hsueh Pdf

Today's China is governed by a new economic model that marks a radical break from the Mao and Deng eras; it departs fundamentally from both the East Asian developmental state and its own Communist past. It has not, however, adopted a liberal economic model. China has retained elements of statist control even though it has liberalized foreign direct investment more than any other developing country in recent years. This mode of global economic integration reveals much about China’s state capacity and development strategy, which is based on retaining government control over critical sectors while meeting commitments made to the World Trade Organization. In China's Regulatory State, Roselyn Hsueh demonstrates that China only appears to be a more liberal state; even as it introduces competition and devolves economic decisionmaking, the state has selectively imposed new regulations at the sectoral level, asserting and even tightening control over industry and market development, to achieve state goals. By investigating in depth how China implemented its economic policies between 1978 and 2010, Hsueh gives the most complete picture yet of China's regulatory state, particularly as it has shaped the telecommunications and textiles industries. Hsueh contends that a logic of strategic value explains how the state, with its different levels of authority and maze of bureaucracies, interacts with new economic stakeholders to enhance its control in certain economic sectors while relinquishing control in others. Sectoral characteristics determine policy specifics although the organization of institutions and boom-bust cycles influence how the state reformulates old rules and creates new ones to maximize benefits and minimize costs after an initial phase of liberalization. This pathbreaking analysis of state goals, government-business relations, and methods of governance across industries in China also considers Japan’s, South Korea’s, and Taiwan’s manifestly different approaches to globalization.

Author : Anu Bradford
Publisher : Oxford University Press
Page : 368 pages
File Size : 55,8 Mb
Release : 2020-01-27
Category : Law
ISBN : 9780190088606

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The Brussels Effect by Anu Bradford Pdf

For many observers, the European Union is mired in a deep crisis. Between sluggish growth; political turmoil following a decade of austerity politics; Brexit; and the rise of Asian influence, the EU is seen as a declining power on the world stage. Columbia Law professor Anu Bradford argues the opposite in her important new book The Brussels Effect: the EU remains an influential superpower that shapes the world in its image. By promulgating regulations that shape the international business environment, elevating standards worldwide, and leading to a notable Europeanization of many important aspects of global commerce, the EU has managed to shape policy in areas such as data privacy, consumer health and safety, environmental protection, antitrust, and online hate speech. And in contrast to how superpowers wield their global influence, the Brussels Effect - a phrase first coined by Bradford in 2012- absolves the EU from playing a direct role in imposing standards, as market forces alone are often sufficient as multinational companies voluntarily extend the EU rule to govern their global operations. The Brussels Effect shows how the EU has acquired such power, why multinational companies use EU standards as global standards, and why the EU's role as the world's regulator is likely to outlive its gradual economic decline, extending the EU's influence long into the future.

Author : James F. Gatti
Publisher : Elsevier
Page : 208 pages
File Size : 45,5 Mb
Release : 2013-09-03
Category : Social Science
ISBN : 9781483260150

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The Limits of Government Regulation by James F. Gatti Pdf

The Limits of Government Regulation is a collection of essays from a symposium conducted at the University of Vermont dealing with the subject of government intervention to business activities. This collection examines the effects of excessive governmental regulation on business and economic activities. The writers are of one belief that a laissez-faire approach is not the optimal solution; rather government policies that are shaped and implemented do not consider existing market forces. Instead of formulating policies that should be harmonious and congruent to these market forces, government regulations drastically alter or repeal them. One paper analyzes the damage done by an English activist government to a society, as well as Prime Minister Thatcher's chances of introducing effective reforms. The book also presents a study by six regulatory bodies on 48 firms. This study evaluates the additional costs spent by business arising from compliance with regulations issued by the six agencies. Other papers propose that regulatory reforms are possible through industrial revitalization and national planning. This book can be appreciated by economists, ministers of economic planning and development, heads of business organization, as well as general readers interested in government regulatory procedures.

Author : Daniel F. Spulber
Publisher : MIT Press
Page : 720 pages
File Size : 42,7 Mb
Release : 1989
Category : Business & Economics
ISBN : 0262192756

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Regulation and Markets by Daniel F. Spulber Pdf

Regulation and Markets provides the up to date, integrated analysis of regulatory policies and the administrative process that is needed in today's field of regulation economics. The book takes a modern perspective, using the tools of industrial organization and game theory. It is the only unified treatment of the field and combines theoretical models with consideration of public policy issues in the areas of antitrust, price regulation, environmental regulation, product quality, and workplace safety. The discussion considers both the welfare effects of regulation and the institutional aspects of the administrative regulatory process. Developments in the fields of law and political science have been integrated in a rigorous manner into the economic framework.Sections of the book address administrative process and market allocation, competition and pricing under increasing returns to scale, administrative regulation of markets, and antitrust enforcement. The conclusion evaluates regulatory policy and deregulation. Extensive literature citations throughout enhance the books value as a reference.