even though policymakers are aware of its pitfalls in both theory and practice. In our model, the regulator acts as both a … bureaucrat and an entrepreneur to maximize his self-interest through administering a deposit insurance scheme. The theory …. Empirically our theory is supported by the stylized facts, cross-country binary-choice regression results and a case study of …

agents have private information on their true risk type. If the regulation is not too stringent, the equilibrium is … regulation is not too stringent, the equilibrium is separating in which a single insurer monopolizes the high risks while the …

with less stringent regulation. However, environmental regulations have had enormous benefits in terms of lives saved and … developing countries, where pollution levels are high. The benefits to society from environmental regulation hence appear to be …

product or labour market regulation fail to measure structural reform as they focus on cross-country comparisons rather than …