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 …

. In a straightforward application of the theory of the second best, I show that incomplete regulation can welfare dominate …For political, jurisdictional and technical reasons, environmental regulation of industrial pollution is often … regulated producers are less polluting than their unregulated ounterparts, emissions under incomplete regulation can exceed the …

regulation took effect. I find that strategic firms reduced their emissions by approximately 20% relative to other firms and …

. In this paper, we review the evolution of business regulation in Hong Kong, analyze the salient features of its scheme of … control regulation and evaluate the impact of transition from regulation to competition. To provide a sharp contrast between … the difficulties of the traditional approach to regulation and the benefits of introducing competition, we focus on the …

In a market subject to environmental regulation, a firmamp;apos;s strategic behavior affects the production and …