In Defense of the Economic Analysis of Regulation

In Defense of the Economic Analysis of Regulation PDF Author: Robert William Hahn
Publisher: A E I Press
ISBN:
Category : Business & Economics
Languages : en
Pages : 136

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Book Description
"This monograph addresses the analytical concerns raised by the critics. It makes four points: First, summary measures of the impact of regulations have made important contributions to our understanding of the regulatory process, a point often overlooked by the critics; second, many of the critics' concerns could be addressed by making refinements to scorecards rather than wholly rejecting them as an analytical tool; third, some of the suggestions made by the critics are legitimate, but many are not; and finally, the solution to legitimate concerns raised by the critics is not to eliminate quantitative economic analysis but to gain a deeper understanding of its strengths and weaknesses and to use it wisely."--BOOK JACKET.

In Defense of the Economic Analysis of Regulation

In Defense of the Economic Analysis of Regulation PDF Author: Robert W. Hahn
Publisher:
ISBN:
Category :
Languages : en
Pages : 0

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Book Description
Several scholars are highly skeptical of the use of cost-benefit analysis and other economic tools in regulatory decision making. Recently, these critics have focused on debunking economic summaries of regulatory activity, sometimes referred to as regulatory scorecards. The critics generally support less quantitative economic analysis of regulations. This monograph addresses the analytical concerns raised by the critics. It makes four points: First, summary measures of the impact of regulations have made important contributions to our understanding of the regulatory process, a point often overlooked by the critics; second, many of the critics' concerns could be addressed by making refinements to scorecards rather than wholly rejecting them as an analytical tool; third, some of the suggestions made by the critics are legitimate, but many are not; and finally, the solution to legitimate concerns raised by the critics is not to eliminate quantitative economic analysis but to gain a deeper understanding of its strengths and weaknesses and to use it wisely.

Simpler

Simpler PDF Author: Cass R. Sunstein
Publisher: Simon and Schuster
ISBN: 1476726604
Category : Biography & Autobiography
Languages : en
Pages : 272

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Book Description
For nearly four years, Sunstein, bestselling author and President Obama's "Regulatory Czar," helped to oversee a revolution in better government. He explains how and why--and what comes next.

The Theory of Industrial Organization

The Theory of Industrial Organization PDF Author: Jean Tirole
Publisher: MIT Press
ISBN: 0262303787
Category : Business & Economics
Languages : en
Pages : 1482

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Book Description
The Theory of Industrial Organization is the first primary text to treat the new industrial organization at the advanced-undergraduate and graduate level. Rigorously analytical and filled with exercises coded to indicate level of difficulty, it provides a unified and modern treatment of the field with accessible models that are simplified to highlight robust economic ideas while working at an intuitive level. To aid students at different levels, each chapter is divided into a main text and supplementary section containing more advanced material. Each chapter opens with elementary models and builds on this base to incorporate current research in a coherent synthesis. Tirole begins with a background discussion of the theory of the firm. In Part I he develops the modern theory of monopoly, addressing single product and multi product pricing, static and intertemporal price discrimination, quality choice, reputation, and vertical restraints. In Part II, Tirole takes up strategic interaction between firms, starting with a novel treatment of the Bertrand-Cournot interdependent pricing problem. He studies how capacity constraints, repeated interaction, product positioning, advertising, and asymmetric information affect competition or tacit collusion. He then develops topics having to do with long term competition, including barriers to entry, contestability, exit, and research and development. He concludes with a "game theory user's manual" and a section of review exercises. Important Notice: The digital edition of this book is missing some of the images found in the physical edition.

Economic Regulation and Its Reform

Economic Regulation and Its Reform PDF Author: Nancy L. Rose
Publisher: University of Chicago Press
ISBN: 022613816X
Category : Business & Economics
Languages : en
Pages : 619

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Book Description
The past thirty years have witnessed a transformation of government economic intervention in broad segments of industry throughout the world. Many industries historically subject to economic price and entry controls have been largely deregulated, including natural gas, trucking, airlines, and commercial banking. However, recent concerns about market power in restructured electricity markets, airline industry instability amid chronic financial stress, and the challenges created by the repeal of the Glass-Steagall Act, which allowed commercial banks to participate in investment banking, have led to calls for renewed market intervention. Economic Regulation and Its Reform collects research by a group of distinguished scholars who explore these and other issues surrounding government economic intervention. Determining the consequences of such intervention requires a careful assessment of the costs and benefits of imperfect regulation. Moreover, government interventions may take a variety of forms, from relatively nonintrusive performance-based regulations to more aggressive antitrust and competition policies and barriers to entry. This volume introduces the key issues surrounding economic regulation, provides an assessment of the economic effects of regulatory reforms over the past three decades, and examines how these insights bear on some of today’s most significant concerns in regulatory policy.

Studies in Public Regulation

Studies in Public Regulation PDF Author: Gary Fromm
Publisher: MIT Press
ISBN: 9780262560283
Category : Business & Economics
Languages : en
Pages : 418

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Book Description
"This is a stimulating collection.... Each [paper] makes an original contribution to some aspect of the economics of regulation. " Contributors Paul L. Joskow, Roger G. Noll, Robert D. Willig, Elizabeth E. Bailey, Patricia Munch, Dennis Smallwood, Richard C. Levin, Robert A. Leone, John E. Jackson, Melvyn A. Fuss, Leonard Waverman, Kenneth C. Baseman, and Sam Peltzman A Regulation of Economic Activity series paperback.

Foundations of Economic Analysis of Law

Foundations of Economic Analysis of Law PDF Author: Steven Shavell
Publisher: Harvard University Press
ISBN: 9780674011557
Category : Business & Economics
Languages : en
Pages : 782

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Book Description
What effects do laws have? Do individuals drive more cautiously, clear ice from sidewalks more diligently, and commit fewer crimes because of the threat of legal sanctions? Do corporations pollute less, market safer products, and obey contracts to avoid suit? And given the effects of laws, which are socially best? Such questions about the influence and desirability of laws have been investigated by legal scholars and economists in a new, rigorous, and systematic manner since the 1970s. Their approach, which is called economic, is widely considered to be intellectually compelling and to have revolutionized thinking about the law. In this book Steven Shavell provides an in-depth analysis and synthesis of the economic approach to the building blocks of our legal system, namely, property law, tort law, contract law, and criminal law. He also examines the litigation process as well as welfare economics and morality. Aimed at a broad audience, this book requires neither a legal background nor technical economics or mathematics to understand it. Because of its breadth, analytical clarity, and general accessibility, it is likely to serve as a definitive work in the economic analysis of law.

Economics for the Common Good

Economics for the Common Good PDF Author: Jean Tirole
Publisher: Princeton University Press
ISBN: 0691192251
Category : Business & Economics
Languages : en
Pages : 582

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Book Description
"When Jean Tirole won the 2014 Nobel Prize in Economics, he suddenly found himself being stopped in the street by complete strangers and asked to comment on issues of the day, no matter how distant from his own areas of research. His transformation from academic economist to public intellectual prompted him to reflect further on the role economists and their discipline play in society. The result is Economics for the Common Good, a passionate manifesto for a world in which economics, far from being a 'dismal science,' is a positive force for the common good. Economists are rewarded for writing technical papers in scholarly journals, not joining in public debates. But Tirole says we urgently need economists to engage with the many challenges facing society, helping to identify our key objectives and the tools needed to meet them. To show how economics can help us realize the common good, Tirole shares his insights on a broad array of questions affecting our everyday lives and the future of our society, including global warming, unemployment, the post-2008 global financial order, the euro crisis, the digital revolution, innovation, and the proper balance between the free market and regulation. Providing a rich account of how economics can benefit everyone, Economics for the Common Good sets a new agenda for the role of economics in society"--Provided by publisher.

Well-Being and Fair Distribution

Well-Being and Fair Distribution PDF Author: Matthew Adler
Publisher:
ISBN: 0195384997
Category : Law
Languages : en
Pages : 656

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Book Description
A comprehensive philosophically grounded argument for the use of social welfare functions as a framework for governmental policy analysis.

A Theory of Incentives in Procurement and Regulation

A Theory of Incentives in Procurement and Regulation PDF Author: Jean-Jacques Laffont
Publisher: MIT Press
ISBN: 9780262121743
Category : Business & Economics
Languages : en
Pages : 746

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Book Description
Based on their work in the application of principal-agent theory to questions of regulation, Laffont and Tirole develop a synthetic approach to this field, focusing on the regulation of natural monopolies such as military contractors, utility companies and transportation authorities.