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The ends and means of public policy / Mark Fabian -- Behavioural theories and public policy / Uwe Dulleck -- Institutions matter : an introduction to the role of institutions in public policy / Julia Talbot-Jones -- Regulatory theories and frameworks / Elizabeth Bluff -- Why do we need...
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We consider the regulation of a monopoly facing consumers that may evade payments, an important issue in public …
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basic and ubiquitous features of regulation as actually implemented throughout the world has received little theoretical … because exemption induces additional harmful activity to be channeled their way. This article analyzes optimal regulation with … regulation, which illustrates the contrast with the mechanism design approach that analyzes the optimal use of instruments of a …
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Firms have incentives to influence regulators' decisions. In a dynamic setting, we show that a firm may prefer to capture regulators through the promise of a lucrative future job opportunity (i.e., the revolving-door channel) than through a hidden payment (i.e., a bribe). This is because the...
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