outline a theory that considers conditions under which a politician would and would not prefer reputational development and …

variant of Baron (1989) we provide a theory encompassing both contested and uncontested markets. The essential addition is the …

judicially enforced private contracts, judicially enforced laws, or even government regulation, may be the cheapest way to bring … strategies may sometimes be the best. This paper compares the regulation of financial markets in Poland and the Czech Republic in … the Czech Republic, hands-off regulation was associated with a near collapse of the stock market. These episodes …

markets and environmental regulation. We emphasize the substantive contributions of recent papers while also highlighting how … the topics examined by this literature--especially auctions, investment, productivity and innovation, and regulation …

Liability and safety regulation are examined as means of controlling risks in a theoretical model of the occurrence of … accidents. According to the model, regulation does not result in appropriate reduction of risk -- due to the regulator's lack of … out to be superior to regulation or the reverse could be true. But as is stressed, joint use of the two means of …

Liability in tort and the regulation of safety are considered as means of controlling accident risks using the … instrumentalist, economic method of analysis.Four general determinants of the relative social desirability of liability and regulation … observed to be made between liability and regulation are, when broadly viewed, socially rational: Notably, activities that …