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One explanation for the poor performance of regulation in the recent financial crisis is that regulators had been captured by the financial sector. We present a micro-founded model with rational agents in which banks may capture regulators due to their high degree of sophistication. Banks can...
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M. Gerth, Wirtschaftsjournalist und Redakteur der "WirtschaftsWoche" (vgl. "Die Geldverbesserer. Grüne Investments - Das Prinzip des doppelten Gewinns", 2008, hier nicht besprochen) beschäftigt sich kritisch mit dem Problem, dass die Umsetzung notwendiger Klimaschutzmassnahmen zunehmend...
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