regulation by taking all transaction costs into account which stem from the principal/agent relationship between regulatory … regulated entities – part of these costs can be regarded as the administrative burden of regulation for the private sector – but … society due to e.g. miscommunication on the aims of regulation, and are, of course, hard to quantify. A cost calculation using …

seen a great deal of scholarly attention, regulation. An "agency problems" approach to studying political and other agency … develop both theory and prescription in agency settings. Particular problems are displayed almost like games (e.g., the "Major …

-Agent Theory (BPAT), a great deal of modern regulation can be helpfully evaluated as a hypothetical delegation. Shifting from … words, government serves as our agent. Understood in light of Principal-Agent Theory (PAT) and Behavioral Principal …

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 …

regulation has benefited the U.S. greatly, while the failure to regulate has cost us dearly.The evidence considered in this paper … evidence can say about the value of regulation.With such limitations in mind, the white paper reviews the available evidence …

This was the first article explicitly on the theory of agency published in a regular, i.e., nonproceedings, issue of a … of agency theory. The paper notes the effects of the fiduciary norm in economizing on specification and policing (agency … public regulation, this can take the form of producing a more honest or better-behaved regulatory agent in a government that …

benefits. Contrary to claims in the literature that “equity is expensive” and that regulation requiring more equity in the … funding mix entails costs to society, such regulation actually helps create useful commitment for banks to avoid the … inefficiently high borrowing that comes under laissez-faire. Effective regulation is beneficial even without considering systemic …

. Contrary to claims in the literature that "equity is expensive" and that regulation requiring more equity in the funding mix … entails costs to society, such regulation actually helps create useful commitment for banks to avoid the inefficiently high … borrowing that comes under laissez-faire. Effective regulation is beneficial even without considering systemic risk; if such …

players' bargaining powers crucially drive the optimal response to collusion. -- bargaining ; collusion ; regulation. …