This lecture considers the case for consumer financial regulation in an environment where many households lack the …

lagging reactions to regulation) and focusing both on levels and dynamic latent factors. We report both single breakpoint and …

We study a model in which corporate social responsibility (CSR) arises as a response to inefficient regulation. In our … attenuated through government regulation, which is set endogenously and may or may not be socially optimal. Governments may … choose suboptimal levels of regulation if they face lobbying pressure from companies. Companies can, in turn, hire socially …

Plan, which implements greenhouse gas regulation of power plants under the Clean Air Act, allows substantial regulatory … regulation and rate-based regulation. However, under rate-based standards the carbon price must equal the social cost of carbon …

that is not the intended target of the regulation. For example, in many countries fuel-economy standards mandate that …

ratings and the increasing importance of risk-weighted capital in prudential regulation have more likely contributed to …

We develop a dynamic game to explore the interaction between regulation and private policies, such as self-regulation … by firms and activism. Without a public regulator, the possibility of self-regulation is bad for the firm, but good for … activists who are willing to maintain a costly boycott to raise the likelihood of self-regulation. Results are reversed when the …

allowed. We extend the analysis to investigate some related issues, including (i) age-based pricing regulation (ii) exchange …