This paper studies the effect of soft-budget constraints in a pure adverse selection model of monopoly regulation. We …-up allows governments to avoid re-funding moneyloosing firms and that welfare is larger than under traditional regulation where …

possible approaches to mandated benefit reform: (1) exclusive state regulation of mandated benefits, (2) deregulation of … mandated benefits, and (3) positive federal regulation of mandated benefits. The article concludes that there are compelling … arguments against both exclusive state regulation and deregulation. While federal regulation is far from perfect, it has …

have to be offset by the costs of regulation. These costs consist first of direct costs due to the regulation itself, since … costs of regulation in the German pharmacy sector. It then describes the deregulation measures needed to avoid regulation … investment in drug distribution. In contrast to the present situation, Germany could be a pioneer with regard to the regulation …

solely on substantive prohibitions and adversarial enforcement, regulation should centre on designing processes and systems … traditional regulation is in fact a shift away from regulation and public action to an era of devolution and deregulation; the …

Over the past few years the debate over the economic rationality of health, safety and environmental regulation has … misrepresent ex ante guesses as "the" costs and benefits of regulation. They also zero out whole categories of benefits that cannot …

This article explores the question of whether contemporary regulatory reformers' attitudes toward government regulation … shared beliefs that regulation often proves counterproductive in terms of its own objectives, fails demanding tests for …

This article explores the question of whether contemporary regulatory reformers' attitudes toward government regulation … shared beliefs that regulation often proves counterproductive in terms of its own objectives, fails demanding tests for …