We examine the hold-up problem of price regulation and compare it with the monetary policy credibility problem. For …-up problem in regulation turns out to be more serious than the inflation bias problem in monetary policy. Even with far … increases slowly. These results make the Rogoff-delegation solution to the regulatory commitment problem especially attractive …

from the need to achieve credibility and a reputation for economically sound long-run behaviour while preserving …

A time-inconsistency problem in regulation often results in under-investment es- pecially where there are high sunk … this ‘hold-up’ problem facing the price regulation of a firm with market power where full commitment to a price regime is … not possible. We compare a political equilibrium based on a voting model with lobbying with a delegation equilibrium …

Following the 2008 financial crisis, countercyclical regulation emerged as one of the most promising breakthroughs in … years to halting destructive cycles of booms and busts. This new approach to systemic risk posits that financial regulation … and to prick asset bubbles before they burst. If countercyclical regulation is to succeed, however, then policymakers must …

can use to define and assess the competitiveness impacts of regulation as part of their RIA processes framework. …

premature to conclude that 'Too Big to Fail" has been solved, but macro-prudential regulation is now much more effective and …

. Typically, new services are not subject to specific regulation, owing to the risk that this would discourage investment and … intervention to date, an equally valid response is to question the effectiveness of existing regulation. Both new entrants and … benefits for customers and reducing the need for regulation; to assess the impact of public policy on incentives to invest in …