. Regulation, tax, and Coasean exchange, such as through cap-and-trade regimes, are presented as substitutes, based on the relative … for the costs of political bargaining and lobbying that arise from implementing and administering government regulation …

, and price and wage rigidities. Regulation affects producer entry costs, employment protection, and unemployment benefits …. We first characterize optimal monetary policy when regulation is high in both countries and show that the Ramsey …

This paper discusses the fundamental underpinnings and some implications of transaction cost regulation (TCR), a …. TCR sees regulation as the governance structure of these interactions, and thus, as in standard transaction cost economics … possible institutional alternative. In that sense, politics becomes fundamental to understanding regulation as the governance …

regulation. We focus on two issues that should receive more attention in discussions of Mexican policy. (1) The family is under … heavy burden of monopoly and regulation. We find little evidence that the introduction of social protection programs for …

traditionally left to competing provincial securities commissions. The current state of securities regulation renders impotent US … federal securities regulation models are weighted in light of the current state of their needed complementary institutions …

1985-2007. Competitive pressures are proxied with sectoral product market regulation data. We find evidence that …