Regulation of economic activity is ubiquitous around the world, yet standard theories predict it should be rather … uncommon. I argue that the ubiquity of regulation is explained not so much by the failure of markets, or by asymmetric … accounts for the ubiquity of regulation, for its growth over time, as well as for the fact that contracts themselves are …

We study a prominent energy regulation affecting large Chinese manufacturers that are part of broader conglomerates … of the regulation by more than 40% and increase aggregate energy savings by 10% …

The outreach of macroprudential policies is likely limited in practice by imperfect regulation enforcement, whether due … to shadow banking, regulatory arbitrage, or other regulation circumvention schemes. We study how such concerns affect the …

valued? We provide a general theory of optimal technology regulation in a second best world, with rich heterogeneity across …