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Allocating lawmaking powers:Self-regulation vs government regulation
Self-regulation Government regulation Property rights theory Legal origins Progressive Era New Deal
2015/9/22
Self-regulation is common, but comparative analysis of self-regulation and government regulation is rare. This paper identifies conditions determining whether regulation is delegated or centralized, a...
Reversing the Null:Regulation,Deregulation,and the Power of Ideas
Financial Crisis Financial Markets Governing Rules Regulations and Reforms
2015/4/23
It has been said that deregulation was an important source of the recent financial crisis. It may be more accurate, however, to say that a deregulatory mindset was an important source of the crisis—a ...
ANTITRUST FOR HIGH-TECH AND LOW: REGULATION, INNOVATION, AND RISK
HIGH-TECH AND LOW REGULATION INNOVATION RISK
2014/6/23
Severe limitations on antitrust enforcement officials’ knowledge and the potential impact of ill-advised investigations and prosecutions on markets suggest that officials should exercise extraordinar...
Regulation and the Wealth of Nations: The Connection between Government Regulation and Economic Progress
Wealth Nations Government Regulation
2009/7/23
Adam Smith’s main message is that when unregulated, undistorted rewards
are higher in one activity than another, economic progress is usually promoted
if resources flow toward the high-return use. A...
Political Constraints on Government Cartelization: The Case of Oil Production Regulation in Texas and Saudi Arabia
Political Constraints Government Cartelization The Case of Oil Production Regulation Texas and Saudi Arabia
2014/6/27
We examine government cartelization efforts in crude oil production. Texas and Saudi Arabia are alleged to act as swing producers to maintain the interstate (1933-1972) and OPEC (1973 on) oil cartels ...