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 …

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

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 …

begins by characterizing the optimal regulation of a monopoly supplier that is better informed than the regulator about its … commitment powers are limited. The chapter then analyzes the design of practical policies, such as price cap regulation, that are …. Yardstick regulation, procedures for awarding monopoly franchises, and optimal industry structuring are analyzed. The chapter …

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

I compare certification and self-regulation, two widely used quality assurance mechanisms in markets where consumers do … certification fee. Self-regulation is a mechanism in which a club of firms in the industry adhere (or not) to a self-imposed code of …