We develop a model to discuss a government's incentives to delegate to bureaucrats the regulation of an industry. The …-based regulation policy requires the government to make use of a bureaucracy; this has a bureaucratic cost, as the bureaucracy diverts … a fraction of the transfer. The government faces a trade-off in its delegation decision: bureaucrats have knowledge of …

established at the union-wide level. Furthermore, we show that fiscal delegation is more effective in restraining debt, and more …

How to conduct macro-prudential regulation? How to coordinate monetary policy and macro-prudential policy? To address …

We evaluate the welfare effects of the Roam-Like-At-Home regulation, which drastically re-duced the price of accessing … impact of the regulation on different user segments. We estimate that around half of the gains stem from a reduction in … deadweight loss, i.e., new users accessing the mobile internet. We further show that the impact of the regulation varies with …

We consider the regulation of a monopoly facing consumers that may evade payments, an important issue in public …