In this article I selectively survey the economic history literature on the rise of regulation in America during the … on the origins of Progressive Era regulation is consistent with the positive aspects of Austrian economics, largely … regulation. However, the normative implications of Austrian theory regarding the efficiency consequences of regulation are not …

Financial regulation should be countercyclical, strengthening during speculative booms to contain excessive leverage … and loosening following crises so as to not limit credit extension in hard times. And yet, financial regulation in fact … choice perspective on financial regulation, i.e. rational choice ideas drawn from economics and applied to politics, but with …

-based discrimination. Opponents find such regulation premature or unnecessary, noting that uniform treatment precludes higher quality …

-offs between litigation and regulation as modes of governance, including how laws change under each regime over time. Data on 1 … approach (litigation in the UK, regulation in the US), even within the domain of M&A law. Subject to strong limits on external … regulation and litigation, even for otherwise similar nations in a similar context, and that a combination of interest groups …

Who should be responsible for industry regulation, a private self-regulatory agency or a public agency? This paper … regulation. The trade-off depends on three key elements: externalities, monopoly distortions, and the degree of asymmetric … information. Self-regulation is more desirable than government regulation if the degree of asymmetric information between the …

content and broadband providers. While proponents of such regulation may view it as protection from alleged anticompetitive …

George Stigler’s “The Theory of Economic Regulation” (1971) is a landmark in the economics of regulation. It used … simple public choice reasoning to set out the “capture theory” of regulation whereby “… as a rule, regulation is acquired by … central argument is the need to distinguish “acquired” from “designed and operated.” The rule that regulation is produced in …

This paper examines the difficulties inherent in regulation as a solution to market failure and, especially, to natural … monopoly. It highlights the way regulation itself introduces new risks into the supply of natural monopoly services, including …

This chapter reviews a range of topics connected to the justification of government regulation, including: the … definition of “regulation”; welfarism, Kaldor-Hicks efficiency, and the Pareto principles; the fundamental theorems of welfare … economics and the “market failure” framework for justifying regulation, which identifies different ways in which the conditions …