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I present a model that explains two common features of regulatory enforcement: selective forgiveness of noncompliance, and the collection of information on a fi rm' s compliance activities and not just its compliance status. I show that forgiving noncompliance is optimal if the information on a...
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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 … field of health policy …
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We compare the short-run welfare effects of two types of settlement agreements, quot;reverse paymentsquot; of the brand-name drug makers to generic producers not to enter the market and delayed entry when these payments are restricted both under the entry injunction (imposed by the Hatch-Waxman...
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The Enron scandal has raised questions regarding the adequacy of the present system of financial disclosure. At the same time, public policies increasingly use information disclosure as a regulatory device in a variety of areas beyond financial reporting. This paper provides a framework for...
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, and (iv) the existence of policy effects on consumer loyalty as well as on the static price elasticity of demand facing …
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We still know very little about the incentives of police, often due to data constraints and the underlying policy … environment. Using geocoded crime data and a novel source of within-city spatial and temporal variation in punishment severity, I … consistent with police treating enforcement effort and punishment severity as complementary. I also find that citywide crime and …
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