The Ambiguous Case for Letting Regulators Tailor Standards

Restrictions preventing regulators from setting standards on a firm by firm basis are commonly assumed to be inefficient. Existing rationales for their prevalence have been politico-economic. We provide an efficiency interpretation. We characterise settings in which the requirement that firms be treated equally is (a) definitely desirable (b) definitely undesirable and (c) where the case is ambiguous.

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Year of publication:	2000-02
Authors:	Heyes, Anthony
Institutions:	Department of Economics, Royal Holloway University of London
Subject:	Environmental regulation \| ratchet effect \| instrument choice

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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 99/10
Classification:	L51 - Economics of Regulation ; Q28 - Government Policy
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005489939