for regulatory persistence based on regulatory fog,the phenomenon by which regulation obscures information about the eects … stochastically, and regulation undermines the regulator's ability to observe the state of the world. Compared to the full-information …Compared with other types of policy, regulation is very persistent, even when inefficient. We propose an explanation …

mathematical model that treats testing as an activity that generates information about technical and customer-need related problems …

reveals the name of plants which are either not complying with the regulation or are of concern to the regulator …. Simultaneously however, the regulator continues to undertake legal action for those violating the regulation. Previous analyses have … focused on studying either the impact of the traditional monitoring and enforcement practices or the impact of information …

We study the regulation of a morally responsible agent in the context of a negative consumption externality and … taxe rate may increase the market failure due to motivation crowding. Provision of information is efficient only in very … specific cases but may be effective in reducing the extent of market failure. A complementary tax-and-information policy …

Aufgabe darin besteht, glaubwürdige Information für Investoren bereitzustellen. Drei Determinanten der Instabilität werden …

think about information as well as market discipline and discuss policy implications and proposals for regulation. …The aim of this paper is to examine what has been the role of information provision to the market throughout the crisis …. We consider two main sources of information to the market, financial statements and information provided by credit rating …