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-based regulation policy requires the government to make use of a bureaucracy; this has a bureaucratic cost, as the bureaucracy diverts …We develop a model to discuss a government's incentives to delegate to bureaucrats the regulation of an industry. The … implications for when and how a government should delegate its regulation of industry. We find that bureaucratic discretion reduces …
Persistent link: https://www.econbiz.de/10011700470
This paper has explored the stringency of land-use regulation in US cities, focusing on building heights. Substantial …
Persistent link: https://www.econbiz.de/10011822114
One of the key questions in the study of regulation is whether the costs of regulatory compliance fall homogeneously on …
Persistent link: https://www.econbiz.de/10014320686
link between gasoline content regulation and the compliance behavior of refineries. We find that in areas with more … stringent gasoline regulation, there was increased compliance on the part of firms. -- Clean Air Act ; compliance behavior … ; energy markets ; product regulation ; petroleum refining ; environmental pollution …
Persistent link: https://www.econbiz.de/10009659324
This paper reviews the history of executive compensation disclosure and other government policies affecting CEO pay, and as well surveys the literature on the effects of these policies. Disclosure has increased nearly uniformly since 1933. A number of other regulations, including special taxes...
Persistent link: https://www.econbiz.de/10003749481
This paper proposes a theoretical model that incorporates corporate governance into the basic CAPM, where corporate governance affects the disutility of managerial effort and the possibility of managers to divert company resources. It shows that corporate governance affects firms’ stock...
Persistent link: https://www.econbiz.de/10010212666
of individual and societal factors. The reactions "Government Regulation", "Flooding", "Passive Escape: Digital Detox …
Persistent link: https://www.econbiz.de/10011761654
assess the effectiveness and efficiency of these standards, which are the centerpiece of US Clean Air Act regulation of …
Persistent link: https://www.econbiz.de/10013463693
bureaucracy rather than to an autocratic leader. We combine the Aghion-Tirole definition of formal and real authority with the …
Persistent link: https://www.econbiz.de/10010199719
This paper deals with double lobbying: several bureaucrats participate in joint lobbying to get a high total departmental budget, but they also engage in antagonistic lobbying to reap as high a share of the total budget as possible. The antagonistic lobbying constitutes a contest among the...
Persistent link: https://www.econbiz.de/10011514012