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The Economics of Government Regulation

The Economics of Government Regulation
Author: Wang Junhao
Publisher: Routledge
Total Pages: 197
Release: 2021-07-06
Genre: Business & Economics
ISBN: 1000404846

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Regulation is a public policy approach closely related to calculations of the equilibrium of supply and demand and to cost-benefit analyses. Governments combine a variety of incentives and restrictions on behavior, including laws and regulations, in order to guide enterprises and smaller entities within the economy toward pursuing policies in the public interest. This book offers an in-depth and systematic review of the economic theory of regulation, with particular emphasis on the Chinese context. The basic concepts cover economic and social regulation, regulatory process, regulation under asymmetric information, and capture theory. Drawing on a broad range of cases from across the telecommunications, electric power, and water sectors since the founding of the People’s Republic of China in 1949, the author explores economic regulation in China with reference to natural monopoly, investment, price level and price structure, entry, and competition. In addition, he discusses theories of externalities and asymmetric information, which are analyzed in the light of China’s environmental and product quality regulation. The author argues that the Chinese government has deregulated its economy to a large extent in the past and proposes that the Chinese government will enforce more social regulation in the future. Students and scholars of government regulation, economics, and industrial organization will find this volume to be an essential guide.


Economics of Regulation and Antitrust

Economics of Regulation and Antitrust
Author: W. Kip Viscusi
Publisher: MIT Press
Total Pages: 955
Release: 2005-08-19
Genre: Business & Economics
ISBN: 026222075X

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A substantially revised and updated new edition of the leading text on business and government, with new material reflecting recent theoretical and methodological advances; includes further coverage of the Microsoft antitrust case, the deregulation of telecommunications and electric power, and new environmental regulations. This new edition of the leading text on business and government focuses on the insights economic reasoning can provide in analyzing regulatory and antitrust issues. Departing from the traditional emphasis on institutions, Economics of Regulation and Antitrust asks how economic theory and empirical analyses can illuminate the character of market operation and the role for government action and brings new developments in theory and empirical methodology to bear on these questions. The fourth edition has been substantially revised and updated throughout, with new material added and extended discussion of many topics. Part I, on antitrust, has been given a major revision to reflect advances in economic theory and recent antitrust cases, including the case against Microsoft and the Supreme Court's Kodak decision. Part II, on economic regulation, updates its treatment of the restructuring and deregulation of the telecommunications and electric power industries, and includes an analysis of what went wrong in the California energy market in 2000 and 2001. Part III, on social regulation, now includes increased discussion of risk-risk analysis and extensive changes to its discussion of environmental regulation. The many case studies included provide students not only pertinent insights for today but also the economic tools to analyze the implications of regulations and antitrust policies in the future.The book is suitable for use in a wide range of courses in business, law, and public policy, for undergraduates as well at the graduate level. The structure of the book allows instructors to combine the chapters in various ways according to their needs. Presentation of more advanced material is self-contained. Each chapter concludes with questions and problems.


The Theory of Competitive Price

The Theory of Competitive Price
Author: George Joseph Stigler
Publisher:
Total Pages: 216
Release: 1946
Genre: Competition
ISBN:

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Economic Regulation and Its Reform

Economic Regulation and Its Reform
Author: Nancy L. Rose
Publisher: University of Chicago Press
Total Pages: 619
Release: 2014-08-29
Genre: Business & Economics
ISBN: 022613816X

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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.


New Perspectives on Regulation

New Perspectives on Regulation
Author: David A. Moss
Publisher: The Tobin Project
Total Pages: 169
Release: 2009
Genre: Business & Economics
ISBN: 0982478801

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As an experiment in reconnecting academia to the broader democracy, this work is designed to invigorate public policy debate by rededicating academic work to the pursuit of solutions to society's great problems.


The Economics of Regulation

The Economics of Regulation
Author: Alfred E. Kahn
Publisher: MIT Press
Total Pages: 615
Release: 1988-06-22
Genre: Business & Economics
ISBN: 0262610523

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As Chairman of the Civil Aeronautics Board in the late 1970s, Alfred E. Kahn presided over the deregulation of the airlines and his book, published earlier in that decade, presented the first comprehensive integration of the economic theory and institutional practice of economic regulation. In his lengthy new introduction to this edition Kahn surveys and analyzes the deregulation revolution that has not only swept the airlines but has transformed American public utilities and private industries generally over the past seventeen years. While attitudes toward regulation have changed several times in the intervening years and government regulation has waxed and waned, the question of whether to regulate more or to regulate less is a topic of constant debate, one that The Economics of Regulation addresses incisively. It clearly remains the standard work in the field, a starting point and reference tool for anyone working in regulation.Kahn points out that while dramatic changes have come about in the structurally competitive industries - the airlines, trucking, stock exchange brokerage services, railroads, buses, cable television, oil and natural gas - the consensus about the desirability and necessity for regulated monopoly in public utilities has likewise been dissolving, under the burdens of inflation, fuel crises, and the traumatic experience with nuclear plants. Kahn reviews and assesses the changes in both areas: he is particularly frank in his appraisal of the effect of deregulation on the airlines. His conclusion today mirrors that of his original, seminal work - that different industries need different mixes of institutional arrangements that cannot be decided on the basis of ideology.


The Political Economy of Government Regulation

The Political Economy of Government Regulation
Author: Jason F. Shogren
Publisher: Springer Science & Business Media
Total Pages: 216
Release: 2012-12-06
Genre: Business & Economics
ISBN: 1461308712

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Government and Markets

Government and Markets
Author: Edward J. Balleisen
Publisher: Cambridge University Press
Total Pages: 579
Release: 2009-11-16
Genre: Political Science
ISBN: 1139481908

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After two generations of emphasis on governmental inefficiency and the need for deregulation, we now see growing interest in the possibility of constructive governance, alongside public calls for new, smarter regulation. Yet there is a real danger that regulatory reforms will be rooted in outdated ideas. As the financial crisis has shown, neither traditional market failure models nor public choice theory, by themselves, sufficiently inform or explain our current regulatory challenges. Regulatory studies, long neglected in an atmosphere focused on deregulatory work, is in critical need of new models and theories that can guide effective policy-making. This interdisciplinary volume points the way toward the modernization of regulatory theory. Its essays by leading scholars move past predominant approaches, integrating the latest research about the interplay between human behavior, societal needs and regulatory institutions. The book concludes by setting out a potential research agenda for the social sciences.


Modern Economic Regulation

Modern Economic Regulation
Author: Christopher Decker
Publisher: Cambridge University Press
Total Pages: 779
Release: 2023-05-31
Genre: Business & Economics
ISBN: 131651451X

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Brings economic regulation to life by tracing theoretical insights through to real-world applications in eight essential regulated sectors.


Political Participation and Government Regulation

Political Participation and Government Regulation
Author: Sam Peltzman
Publisher: University of Chicago Press
Total Pages: 367
Release: 1998-11-15
Genre: Political Science
ISBN: 0226654176

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IntroductionPart One: Political Participation1. Constituent Interest and Congressional Voting (1984)2. An Economic Interpretation of the History of Congressional Voting in the Twentieth Century (1985)3. Economic Conditions and Gubernatorial Elections (1987)4. How Efficient Is the Voting Market? (1990)5. Voters as Fiscal Conservatives (1992)Part Two: Government and Regulation6. Toward a More General Theory of Regulation (1976)7. The Growth of Government (1980)8. Current Developments in the Economics of Regulation (1981)9. The Economic Theory of Regulation after a Decade of Deregulation (1989)10. George Stigler's Contribution to the Economic Analysis of Regulation (1993)Index Copyright © Libri GmbH. All rights reserved.