Regulation consists of rulemaking and enforcement. Economic theory offers two complementary rationales for regulating … arise in multi- party relationships and that regulation introduces opportunities to impose rules that enhance the welfare of … market failures and correct them. It is taken for granted that we may rely on a well-intentioned government to use its …

earn significantly higher returns than the market when they sell the company stock in a window before bad news and around a …

Insiders can artificially deflect the market prices of financial instruments from their full-information or inside …

in a direction that complements human labor. Additional areas of conflict arise when AI systems optimize narrow market … bias and discrimination, hack the human brain, and increasingly reduce human autonomy. Market incentives to create ever …

Recent empirical work finds a negative correlation between product market regulation and aggregate employment. We … assessing the aggregate effects of product market regulation … examine the effect of product market regulations on hours worked in a benchmark aggregate model of time allocation. We find …

the seemingly failure of the private insurance market to provide coverage for terrorism losses after the attack on … September 11, 2001. This paper surveys the evidence of the supposed private market failures after 9/11 and the arguments for …

We study a model in which corporate social responsibility (CSR) arises as a response to inefficient regulation. In our … attenuated through government regulation, which is set endogenously and may or may not be socially optimal. Governments may … choose suboptimal levels of regulation if they face lobbying pressure from companies. Companies can, in turn, hire socially …