Revolving Doors and Regulatory Complexity

Regulators often go on to lucrative careers either working for, or selling advice to, the industry they previously policed. We investigate the implications of this phenomenon for the design of regulatory institutions. The policy response of cooling-off periods (as used in the UK, US, France and elsewhere) is often welfare-reducing. Capping advisory fees is shown to be a better solution.

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Year of publication:	2000-02
Authors:	Heyes, Anthony
Institutions:	Department of Economics, Royal Holloway University of London
Subject:	Regulatory institutions \| expert advice

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Extent:	application/pdf
Series:	Royal Holloway, University of London: Discussion Papers in Economics.
Type of publication:	Book / Working Paper
Notes:	Number 99/1
Classification:	L50 - Regulation and Industrial Policy. General ; K4 - Legal Procedure, the Legal System, and Illegal Behavior
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005677873