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This paper reviews recent empirical evidence on privatisation in developing countries. Particular emphasis is placed on new areas of research such as the distributional impacts of privatisation. Overall, the literature now reflects a more cautious and nuanced evaluation of privatisation. Thus it...
Persistent link: https://www.econbiz.de/10011571943
This presents a case study of the impact of internal organization on economic regulation. The Office of Plans and …
Persistent link: https://www.econbiz.de/10012977138
This paper provides a comprehensive literature review of the ‘Regulatory State' through the lens of utility regulation …
Persistent link: https://www.econbiz.de/10012981426
Numerous regulatory reform proposals would require federal agencies to conduct more thorough economic analysis of proposed regulations or expand the resources and influence of the Office of Information and Regulatory Affairs (OIRA), which currently reviews executive branch regulations. Such...
Persistent link: https://www.econbiz.de/10013006022
The number of regulations and their economic impact continue to grow. Yet the quality and use of economic analysis to inform regulatory decisions falls far short of the standards enunciated in executive orders governing regulatory analysis and review. Both the president and Congress have...
Persistent link: https://www.econbiz.de/10012856557
Scholarly research demonstrates that Regulatory Impact Analysis often falls short of the standards articulated in executive orders and Office of Management and Budget guidance. More often than not, agencies do not appear to use the Regulatory Impact Analysis to inform major decisions. Regulatory...
Persistent link: https://www.econbiz.de/10013048676
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
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
contributeto smarter regulation, documents the current low quality of such analysis at many independentregulatory agencies, and …
Persistent link: https://www.econbiz.de/10012920576
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