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Author: Robert William Hahn Publisher: A E I Press ISBN: Category : Business & Economics Languages : en Pages : 136
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.
Author: Robert William Hahn Publisher: A E I Press ISBN: Category : Business & Economics Languages : en Pages : 136
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.
Author: Robert W. Hahn Publisher: ISBN: Category : Languages : en Pages : 0
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.
Author: Mariano-Florentino Cuéllar Publisher: ISBN: Category : Languages : en Pages : 26
Book Description
The economic analysis of regulation raises fundamental questions about how society assigns value to different outcomes and states of the world, how conflict over law and public policy is resolved, and how institutional realities affect -- in ways both planned and unplanned -- forms of societal decision-making that are meant to incorporate ideals of technical rigor, administrability, and responsiveness. In countries like the United States, the conduct of such analysis has implications for environmental protection, communications and technology policy, public health, immigration, national security, and other areas affecting risk and welfare in society. This paper covers only a portion of the territory necessary to understand those implications, focusing on the following essential topics: First, what do we mean by “economic analysis” and what do we mean by “regulation”? Second, why has this topic become an important one, not only the United States, but in most advanced democracies? Third, why is economic analysis and regulation a contested, even contentious, aspect of modern regulatory activity? Finally, and most important, how is economic analysis structured into regulatory decision-making, and how might existing arrangements evolve over time? As we address these questions, we explain why a familiarity with both the promise and the limits of economic analysis is crucial to any serious understanding of regulation -- whether prescriptive or descriptive -- in advanced economies. In practice, the aspirations of economic analysis in the regulatory state must be reconciled with various administrative and legal arrangements necessary to advance values, such as adjudicatory fairness or political responsiveness, that are often in tension with the technical rigor to which economic analysis of regulation aspires.
Author: Giles H. Burgess Publisher: Addison Wesley Longman ISBN: Category : Business & Economics Languages : en Pages : 520
Book Description
Combining the economic analysis of regulation with a history of the politics of government control in the United States, The Economics of Regulation and Antitrust helps students understand how regulation has developed and continues to change, and how it affects economic and social welfare. Burgess aims to help students understand the role of regulation in a context where markets serve as the primary but not the sole agency for society in making resource allocations. The Economics of Regulation and Antitrust also places special emphasis on the economic efficiency of regulation.
Author: Robert Pitofsky Publisher: Oxford University Press ISBN: 0199706751 Category : Law Languages : en Pages : 324
Book Description
How the Chicago School Overshot the Mark is about the rise and recent fall of American antitrust. It is a collection of 15 essays, almost all expressing a deep concern that conservative economic analysis is leading judges and enforcement officials toward an approach that will ultimately harm consumer welfare. For the past 40 years or so, U.S. antitrust has been dominated intellectually by an unusually conservative style of economic analysis. Its advocates, often referred to as "The Chicago School," argue that the free market (better than any unelected band of regulators) can do a better job of achieving efficiency and encouraging innovation than intrusive regulation. The cutting edge of Chicago School doctrine originated in academia and was popularized in books by brilliant and innovative law professors like Robert Bork and Richard Posner. Oddly, a response to that kind of conservative doctrine may be put together through collections of scores of articles but until now cannot be found in any one book. This collection of essays is designed in part to remedy that situation. The chapters in this book were written by academics, former law enforcers, private sector defense lawyers, Republicans and Democrats, representatives of the left, right and center. Virtually all agree that antitrust enforcement today is better as a result of conservative analysis, but virtually all also agree that there have been examples of extreme interpretations and misinterpretations of conservative economic theory that have led American antitrust in the wrong direction. The problem is not with conservative economic analysis but with those portions of that analysis that have "overshot the mark" producing an enforcement approach that is exceptionally generous to the private sector. If the scores of practices that traditionally have been regarded as anticompetitive are ignored, or not subjected to vigorous enforcement, prices will be higher, quality of products lower, and innovation diminished. In the end consumers will pay.
Author: Jerry Brito Publisher: Mercatus Center at George Mason University ISBN: 0983607737 Category : Law Languages : en Pages : 128
Book Description
Federal regulations affect nearly every area of our lives and interest in them is increasing. However, many people have no idea how regulations are developed or how they have an impact on our lives. Regulation: A Primer by Susan Dudley and Jerry Brito provides an accessible overview of regulatory theory, analysis, and practice. The Primer examines the constitutional underpinnings of federal regulation and discusses who writes and enforces regulation and how they do it. Published by the Mercatus Center at George Mason University, it also provides insights into the different varieties of regulation and how to analyze whether a regulatory proposal makes citizens better or worse off. Each chapter discusses key aspects of regulation and provides further readings for those interested in exploring these topics in more detail.
Author: Robert William Hahn
Author: Robert William Hahn
Author: Robert W. Hahn
Author: Hahn
Author: George Joseph Stigler
Author: Robert William Hahn
Author: Robert William Hahn
Author: Mariano-Florentino Cuéllar
Author: Giles H. Burgess
Author: Robert Pitofsky
Author: Jerry Brito