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Translating Principles Into Practice in Regulation Theory

Author

Listed:
  • Laffont, Jean-Jacques

    (Université de Toulouse)

Abstract

Regulators must understand basic principles of regulation, to explain with credibility their decissions, to asess the universality of the proposals, to develop new solutions, etc. For the relevance of economic theory, economists must fight to include in their frameworks enough constraints, as regulators face in practice, including technology constraints, even informational constraints, bureaucratic and political ones. Debates on regulation are turning around the world more important, defining the discussion frontier about the role of government in the economy.

Suggested Citation

  • Laffont, Jean-Jacques, 2010. "Translating Principles Into Practice in Regulation Theory," UADE Working Papers 1_1999, Instituto de Economía, Universidad Argentina de la Empresa.
  • Handle: RePEc:ris:uadewp:1999_001
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    Citations

    Blog mentions

    As found by EconAcademics.org, the blog aggregator for Economics research:
    1. Competencia, monopolio y explotación: los básicos
      by Cives in Politikon on 2012-09-30 23:54:21

    More about this item

    Keywords

    regulation; economic theory; government in the economy;
    All these keywords.

    JEL classification:

    • D40 - Microeconomics - - Market Structure, Pricing, and Design - - - General
    • D80 - Microeconomics - - Information, Knowledge, and Uncertainty - - - General
    • L50 - Industrial Organization - - Regulation and Industrial Policy - - - General

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