Regulation is an important part of government activity. Distinguishing between the intensity of regulation , and the range of regulation, it is possible to show that a utility maximizing government has an incentive to overregulate both in the short and long run, but that there are definite...

Regulation is an important part of government activity. Distinguishing between the intensity of regulation , and the range of regulation, it is possible to show that a utility maximizing government has an incentive to "overregulate " both in the short and long run, but that there are definite...

Regulation is an important part of government activity. Distinguishing between the intensity of regulation , and the range of regulation, it is possible to show that a utility maximizing government has an incentive to overregulate both in the short and long run, but that there are definite...