hundreds of millions of dollars in costs without knowing whether a given regulation will really solve a significant problem …

regulation by taking all transaction costs into account which stem from the principal/agent relationship between regulatory … regulated entities – part of these costs can be regarded as the administrative burden of regulation for the private sector – but … society due to e.g. miscommunication on the aims of regulation, and are, of course, hard to quantify. A cost calculation using …

seen a great deal of scholarly attention, regulation. An "agency problems" approach to studying political and other agency … develop both theory and prescription in agency settings. Particular problems are displayed almost like games (e.g., the "Major …

-Agent Theory (BPAT), a great deal of modern regulation can be helpfully evaluated as a hypothetical delegation. Shifting from … words, government serves as our agent. Understood in light of Principal-Agent Theory (PAT) and Behavioral Principal …

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 …