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focus is now put on the procedural and substantive procurement tools that could be used for AI regulation by contract to … procurement that could be activated to create or enforce digital regulation requirements. It primarily seeks to ascertain whether … procurement tools could effectively operationalise digital regulation goals without simply transferring regulatory decisions to …
Persistent link: https://www.econbiz.de/10014260443
contributeto smarter regulation, documents the current low quality of such analysis at many independentregulatory agencies, and …
Persistent link: https://www.econbiz.de/10012920576
of the cost associated with adopting a new regulation (the enactment cost) on agency expertise depends on what the agency …
Persistent link: https://www.econbiz.de/10012733175
Much economic activity in the United States today emanates from technological advances that optimize through contextualization. Innovations as varied as Airbnb and Uber, fintech firms, and precision medicine are transforming major sectors in the economy by customizing goods and services as well...
Persistent link: https://www.econbiz.de/10014109486
can vary due to heterogeneous effects of regulation and differing expectations about the regulator's expected actions with …
Persistent link: https://www.econbiz.de/10014029319
. Examples from financial regulation are provided as empirical support for the model …
Persistent link: https://www.econbiz.de/10014135160
Small businesses shoulder significant costs in order to comply with the maze of government regulation that impacts … for statutory reform but also the motivations and perceptions of the individuals most impacted by business regulation. We … propose that while legal reform can be helpful, actions can be taken from both sides of the regulation equation to make the …
Persistent link: https://www.econbiz.de/10013130019
models in one significant way: it considers the effect of regulation not only on the behavior of those subject to it … (potential wrongdoers), but also on the perceptions – and as a result, on the behavior – of those whom regulation seeks to … protect (potential victims).Normatively, the article challenges the view of regulation as a two-way tradeoff between …
Persistent link: https://www.econbiz.de/10013078335
Many regulators have concluded that cost-benefit analysis is the best available method for capturing the welfare effects of regulations. It is therefore understandable that in recent years, some people have been interested in requiring financial regulators to engage in careful cost-benefit...
Persistent link: https://www.econbiz.de/10013054943
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 …
Persistent link: https://www.econbiz.de/10013241464