irresponsibly. Codes of ethics that require fair treatment of stakeholders while pursuing long-term profit can reduce the risk of …

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 …

This article discusses various arguments, which question the effectiveness of self-regulation as an instrument to … theory voluntary self-regulation is not possible, if it reduces company profits. (2) New experimental evidence, on which this … paper is focused, shows that effective self-regulation can only be expected if certain quasi-governmental institutions exist …

Over the past twenty years we have seen the emergence of an important phenomenon in the practice of modern regulation …. Also, regulation “as practiced” now may allow an administrative agency to expand greatly its power beyond its statutory …

Cost-of-service regulation that reduces prices will also reduce incentives to control cost. Increased output … leaves a positive welfare gain when regulation reduces price by some percentage. To be useful to regulators, these … regulated industries, price must fall by half to outweigh cost increases of as little as 2%. Cost-of-service regulation appears …

regulation protected marketplace, and permitted industry cartel, to open aggressive competition). In this article the orthodoxy …

The United States moved closer to Net Neutrality regulation this year when the Federal Communications Commission found …

consumption options and show how optimal regulation evolves over time. In our base setting where social and private learning …