How to regulate : a guide for policymakers / Thomas A. Lambert, University of Missouri Law School.
2017
K3403 .L36 2017 (Map It)
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Details
Title
How to regulate : a guide for policymakers / Thomas A. Lambert, University of Missouri Law School.
Published
Cambridge, United Kingdom ; New York, NY : Cambridge University Press, 2017.
Copyright
©2017
Call Number
K3403 .L36 2017
ISBN
9781107144880 hardcover
1107144884 hardcover
9781316508008 paperback
1316508005 paperback
1107144884 hardcover
9781316508008 paperback
1316508005 paperback
Description
xii, 265 pages : illustrations ; 24 cm
System Control No.
(OCoLC)982092134
Summary
"Markets sometimes fail. But so do regulatory efforts to correct market failures. Sometimes regulations reach too far, condemning good activities as well as bad, and sometimes they don't reach far enough, allowing bad behavior to persist. [This book] explains the pitfalls of both extremes while offering readers a manual of effective regulation, showing how the best regulation maximizes social welfare and minimizes social costs. [The author] demonstrates how regulators should diagnose the underlying disease and identify its symptoms, potential remedies for it, and their side effects before selecting the regulation that offers the greatest net benefit."-- Provided by publisher.
Bibliography, etc. Note
Includes bibliographical references and index.
Record Appears in
Table of Contents
Preface
ix
1.
Denning Our Subject
1
2.
Overarching Model
7
3.
Private Ordering Ideal
16
4.
Externalities
22
5.
Public (and Quasi-Public) Goods
60
6.
Agency Costs
91
7.
Market Power
135
8.
Information Asymmetry
185
9.
Cognitive Limitations and Behavioral Quirks
218
Conclusion: Closing Thoughts on Open Questions
250
Index
257