In this paper we analyze the impact of the Internet on the performance of the economy and the standard of living of average Americans. Our analyses illustrate that even though the stock market’s speculative bubble has burst, the Internet will continue to have a significant impact on old...

This paper reviews the US and European experiences with regulatory oversight and the use of formal tools to analyze regulation. We conclude that the US and Europe have made some progress in improving regulatory analysis and oversight, but they can do much more. We offer six recommendations for...

This paper describes how the government has largely ignored economics in its recent attempts to deal with the deterioration of federally insured depository institutions. The most recent example was the Financial Institutions Recovery, Reform, and Enforcement Act (FIRREA) of 1989. Well documented...