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...

Most models of labor markets and (un)employment neglect how competition among firms or sectors of the economy affects their hiring of workers and working times. Our approach pays special attention to such effects by proposing a complex stage game where firms invest in capital equipment before...