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 … discretion and choose actions for the common good. Agency-cost theories portray regulation as a way to raise the quality of …

, environmental, and other litigation has functioned as an alternative form of regulation, the debate asks whether policy-making or … regulation by litigation is more or less socially desirable than more traditional policy-making by ex ante rule-making by … things considered. Rather, we seek to show that any form of regulation that is dominated by high-salience particular cases is …

regulation system during the last two decades, the 1991 Federal Deposit Insurance Corporation Improvement Act (FDICIA). We …

implementation …

Although nation-based systems of financial regulation constitute a second-best approach to global welfare maximization …

costs as well as the benefits of capital regulation and to accommodate the behavioral response of banks in terms of their … on the effectiveness of capital regulation, i.e., the extent to which banks can quot;cheatquot …