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Continuity, Change, and Priorities : The Quality and Use of Regulatory Analysis Across US Administrations
Ellig, Jerry - 2014
This paper compares the quality and use of regulatory analysis accompanying economically significant regulations proposed by US executive branch agencies in 2008, 2009, and 2010. We find that the quality of regulatory analysis is generally low, but varies widely. Budget regulations, which define...
Persistent link: https://www.econbiz.de/10013048680
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Financial Regulation and Cost-Benefit Analysis : A Comment
Sunstein, Cass R. - 2014
Many regulators have concluded that cost-benefit analysis is the best available method for capturing the welfare effects of regulations. It is therefore understandable that in recent years, some people have been interested in requiring financial regulators to engage in careful cost-benefit...
Persistent link: https://www.econbiz.de/10013054943
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Evaluating the Quality and Use of Regulatory Impact Analysis : The Mercatus Center's Regulatory Report Card, 2008-2013
Ellig, Jerry - 2016
hundreds of millions of dollars in costs without knowing whether a given regulation will really solve a significant problem …
Persistent link: https://www.econbiz.de/10012985445
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Why and How Independent Agencies Should Conduct Regulatory Impact Analysis
Ellig, Jerry - 2018
contributeto smarter regulation, documents the current low quality of such analysis at many independentregulatory agencies, and …
Persistent link: https://www.econbiz.de/10012920576
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The Impact of Regulations and Institutional Quality on Entrepreneurship
Chambers, Dustin - 2018
This paper examines the impact of start-up regulations and institutional quality on the level of new business activity in a panel of 119 countries between 2001 and 2012. We find robust evidence that new business creation is significantly lower in countries with excessive barriers to entry, a...
Persistent link: https://www.econbiz.de/10012932206
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A Dynamic Theory of Regulatory Capture
De Chiara, Alessandro; Schwarz, Marco A. - 2021
Firms often try to influence individuals that, like regulators, are tasked with advising or deciding on behalf of a third party. In a dynamic regulatory setting, we show that a firm may prefer to capture regulators through the promise of a lucrative future job opportunity (i.e., the...
Persistent link: https://www.econbiz.de/10013236193
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A dynamic theory of regulatory capture
De Chiara, Alessandro; Schwarz, Marco A. - 2021
Firms often try to influence individuals that, like regulators, are tasked with advising or deciding on behalf of a third party. In a dynamic regulatory setting, we show that a firm may prefer to capture regulators through the promise of a lucrative future job opportunity (i.e., the...
Persistent link: https://www.econbiz.de/10013238146
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Stigler's Theory of Economic Regulation After Fifty Years
Peltzman, Sam - 2021
George Stigler’s “The Theory of Economic Regulation” (1971) is a landmark in the economics of regulation. It used … simple public choice reasoning to set out the “capture theory” of regulation whereby “… as a rule, regulation is acquired by … central argument is the need to distinguish “acquired” from “designed and operated.” The rule that regulation is produced in …
Persistent link: https://www.econbiz.de/10013241464
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Cost-Benefit Analysis of Financial Regulation : Case Studies and Implications
Coates, IV, John C. - 2015
-benefit analysis for financial regulation: judicially enforced quantification. How would CBA work in practice, if applied to specific …
Persistent link: https://www.econbiz.de/10013033646
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Cost-Benefit Analysis of Financial Regulation : Case Studies and Implications
Coates, IV, John C. - 2015
-benefit analysis for financial regulation: judicially enforced quantification. How would CBA work in practice, if applied to specific …
Persistent link: https://www.econbiz.de/10013034461