economics of regulation, it then points out generic information and transaction cost problems of regulatory policy making. An … transaction-cost-political approaches. There has been some progress in recent years in developing such a "new economic theory of … federalism". Basic ideas and some insights of this theory are discussed with regard to the appropriate "federal" allocation of …

-functioning marketplaces depend on the vibrant flow of accurate reputational information, and how misdirected regulation of reputational … information could harm marketplace mechanisms. It then explores some challenges created by the existing regulation of reputational …

all, in a sense to be made precise. -- Asymmetric Information ; Learning by Doing ; Regulation …

better off. -- access charge ; legal separation ; ownership separation ; regulation …

that centralized regulation is preferable. Under asymmetric information about the firms' costs, lobbying induces a unique … may be social welfare enhancing. -- regulation ; Lobbying ; asymmetric information ; energy markets. …

agents have private information on their true risk type. If the regulation is not too stringent, the equilibrium is … regulation is not too stringent, the equilibrium is separating in which a single insurer monopolizes the high risks while the …