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Legal uncertainty : a selective deterrent
Lang, Matthias - 2014 - This version: November 2014, initial version February 2010
I show that legal uncertainty, i.e., uncertainty about the legality of a specific action, has positive welfare effects. Legal uncertainty works as a screening device provided that the threshold of legality is uncertain. The uncertainty discourages controversial actions, while it encourages...
Persistent link: https://www.econbiz.de/10010429969
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Legal Uncertainty – a Selective Deterrent
Lang, Matthias - Max-Planck-Institut zur Erforschung von … - 2014
I show that legal uncertainty, i.e., uncertainty about the legality of a specific action, has positive welfare effects. Legal uncertainty works as a screening device provided that the threshold of legality is uncertain. The uncertainty discourages controversial actions, while it encourages...
Persistent link: https://www.econbiz.de/10011106489
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Legal uncertainty as a welfare enhancing screen
Lang, Matthias - 2016
threshold of legality is uncertain. I show that this legal uncertainty raises welfare. Legal uncertainty changes deterrence in …
Persistent link: https://www.econbiz.de/10011557794
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Legal Uncertainty as a Welfare Enhancing Screen
Lang, Matthias - 2016
threshold of legality is uncertain. I show that this legal uncertainty raises welfare. Legal uncertainty changes deterrence in …
Persistent link: https://www.econbiz.de/10011584863
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Legal uncertainty as a welfare enhancing screen
Lang, Matthias - In: European economic review : EER 91 (2017), pp. 274-289
Persistent link: https://www.econbiz.de/10011788597
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The revolving door indicator : estimating the distortionary power of the revolving door
Brezis, Elise S.; Cariolle, Joel - 2014
The "revolving door" phenomenon has become very common in most industrialised countries, and is leading to conflicts of interest as well as economic distortions. The purpose of this paper is to develop an indicator of the distortionary effects of the revolving door - The Revolving Door Indicator...
Persistent link: https://www.econbiz.de/10010459790
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The Global Financial Crisis and ‘Responsive Regulation’ : Some Avenues for Historical Inquiry
Balleisen, Edward - 2011
This article explores how the theory of, “responsive regulation,” might guide historical inquiry into the American … origins of the global financial crisis. Part I of the article briefly lays out some key ideas of the, “responsive regulation … regulation over the past two generations. Part II addresses the conflicting aims of financial regulation since the 1970s …
Persistent link: https://www.econbiz.de/10013124115
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Legal Uncertainty as a Welfare Enhancing Screen
Lang, Matthias - 2018
threshold of legality is uncertain. I show that this legal uncertainty raises welfare. Legal uncertainty changes deterrence in …
Persistent link: https://www.econbiz.de/10012940344
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Legal Uncertainty as a Welfare Enhancing Screen
Lang, Matthias - 2016
threshold of legality is uncertain. I show that this legal uncertainty raises welfare. Legal uncertainty changes deterrence in …
Persistent link: https://www.econbiz.de/10013005652
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Information Asymmetries and Regulatory Decision Costs : An Analysis of U.S. Electric Utility Rate Changes 1980-2000
Fremeth, Adam; Holburn, Guy L. F. - 2010
We argue that information asymmetries between regulators and firms increase the administrative decision costs of initiating new policies due to the costs of satisfying evidentiary or “burden of proof” requirements. We further contend that regulators with better information about regulated...
Persistent link: https://www.econbiz.de/10014201122