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Extending the Economic Theory of Regulation to the Form of Policy

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  • Rasmusen, Eric B
  • Zupan, Mark A

Abstract

The mutually beneficial connection between industries and the governments that regulate them is the subject of a large literature led by George Stigler (1971). What has not been studied is how firms choose their desired policies from the set including entry barriers, price floors, subsidies, and demand stimulation. The authors take as given that government and incumbents form the supply and demand for regulation and explore the choice of political product. Copyright 1991 by Kluwer Academic Publishers

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Bibliographic Info

Article provided by Springer in its journal Public Choice.

Volume (Year): 72 (1991)
Issue (Month): 2-3 (December)
Pages: 167-91

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Handle: RePEc:kap:pubcho:v:72:y:1991:i:2-3:p:167-91

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Web page: http://www.springerlink.com/link.asp?id=100332

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Cited by:
  1. Francis Buckley & Eric Rasmusen, 1999. "The Uneasy Case for the Flat Tax," Public Economics 9907003, EconWPA.
  2. Kang, Jae Hyeong & Lee, Sanghack, 2001. "The social cost of entry contest in Cournot-Nash oligopoly," Journal of Economics and Business, Elsevier, vol. 53(2-3), pages 139-152.
  3. Stavins, Robert & Keohane, Nathaniel & Revesz, Richard, 1997. "The Positive Political Economy of Instrument Choice in Environmental Policy," Discussion Papers dp-97-25, Resources For the Future.
  4. Stavins, Robert, 2005. "The Effects of Vintage-Differentiated Environmental Regulation," Discussion Papers dp-05-12, Resources For the Future.
  5. Ando, Amy, 1998. "Do Interest Groups Compete?," Discussion Papers dp-98-14, Resources For the Future.
  6. Upadhyaya, Kamal P. & Raymond, Jeannie E. & Mixon, Franklin Jr., 1997. "The economic theory of regulation versus alternative theories for the electric utilities industry: A simultaneous probit model," Resource and Energy Economics, Elsevier, vol. 19(3), pages 191-202, August.
  7. Lee, Sanghack & Cheong, Kiwoong, 2005. "Rent dissipation and social benefit in regulated entry contests," European Journal of Political Economy, Elsevier, vol. 21(1), pages 205-219, March.

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