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

understand this recent rise in NGO activism, we develop a theory of optimal regulation in which a regulated industry seeks to … undertake a project that may be harmful to society. On the one hand, public regulation is vulnerable to the influence of the … beneficial. The theory is used to explain the role that NGOs have assumed in the last decades, and has implications for the legal …

Authorities often lack information for efficient regulation of the commons. This paper derives a criterion comparing …

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 … implications for when and how a government should delegate its regulation of industry. We find that bureaucratic discretion reduces …

This paper studies theoretically and empirically competition in commodity taxation and product market regulation … taxes finance public goods, and product market regulation affects both the number of firms in the market and product … commodity taxation and product market regulation are interdependent policies. We find absence of strategic interaction in …