markets and environmental regulation. We emphasize the substantive contributions of recent papers while also highlighting how … the topics examined by this literature--especially auctions, investment, productivity and innovation, and regulation …

Liability and safety regulation are examined as means of controlling risks in a theoretical model of the occurrence of … accidents. According to the model, regulation does not result in appropriate reduction of risk -- due to the regulator's lack of … out to be superior to regulation or the reverse could be true. But as is stressed, joint use of the two means of …

Liability in tort and the regulation of safety are considered as means of controlling accident risks using the … instrumentalist, economic method of analysis.Four general determinants of the relative social desirability of liability and regulation … observed to be made between liability and regulation are, when broadly viewed, socially rational: Notably, activities that …

jurisdictions. This theory of regulatory influence is tested by examining several episodes in the financing experience of U … years of state commission regulation. Examples of an adaptive response pattern on the part of regulators, firms and …

implications -- for entry into regulation, and for the price-output structure that emerges from regulation. The main task of the …

and public regulation (including tax policy) continue to be ignored. The present paper is an effort to rectify this … IV explores the implications of the analysis for a variety of issues relating to monopoly and public regulation, such as …

regulation have been proposed. One is the "public interest" theory, bequeathed by a previous generation of economists to the … present generation of lawyers. This theory holds that regulation is supplied in response to the demand of the public for the … liberals, Marxists, and free-market economists, this theory holds that regulation is supplied in response to the demands of …

feature of market economies, is inherently vulnerable to runs in all its forms (not just demand deposits). Bank regulation … aims at preventing bank runs. History shows two approaches to bank regulation: the use of high quality collateral to back …

The outreach of macroprudential policies is likely limited in practice by imperfect regulation enforcement, whether due … to shadow banking, regulatory arbitrage, or other regulation circumvention schemes. We study how such concerns affect the …