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incidence violates traditional versions of the economic theory of regulation. Organized subgroups should be able to protect … principal reasons, one requiring a refinement of the theory. The first is that under regulation the incentives of both …. Political cohesion, and hence changes, become more difficult to achieve. The second reason and theory refinement is that rent …
Persistent link: https://www.econbiz.de/10012778192
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 …
Persistent link: https://www.econbiz.de/10013074677
contributeto smarter regulation, documents the current low quality of such analysis at many independentregulatory agencies, and …
Persistent link: https://www.econbiz.de/10012920576
regulation. However, the normative implications of Austrian theory regarding the efficiency consequences of regulation are not …In this article I selectively survey the economic history literature on the rise of regulation in America during the … Progressive Era with the goal of identifying how this literature is informed by Austrian economic theory, and how Austrian theory …
Persistent link: https://www.econbiz.de/10015051914
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
around legal complexity and regulation …
Persistent link: https://www.econbiz.de/10012966720