Understanding Regulatory Environments and their Impact on Economic Change
We propose a framework for evaluating the effectiveness of regulatory activity based on the distinctions among boundary, conduct, and attribute regulation. The standard we use to evaluate the efficiency and effectiveness of regulations creating boundaries, regulating conduct, and defining attributes is whether the regulations are market-enhancing or market-debilitating. We argue that this framework provides a consistent means by which economists and policy observers can evaluate the impact and effectiveness of a wide variety of regulatory initiatives, including antitrust actions, as well as economic and social regulations. To illustrate the utility of our framework, we evaluate recent deregulatory efforts in the telecommunications industry.
|Date of creation:||04 Feb 2002|
|Note:||Type of Document - Microsoft Word; prepared on IBM PC; to print on HP; pages: 24; figures: 2. 1 Figure and 1 table, included in file|
|Contact details of provider:|| Web page: http://econwpa.repec.org|
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Robert G. Harris & C. Jeffrey Kraft, 1997. "Meddling Through: Regulating Local Telephone Competition in the United States," Journal of Economic Perspectives, American Economic Association, vol. 11(4), pages 93-112, Fall.
- George J. Stigler, 1971. "The Theory of Economic Regulation," Bell Journal of Economics, The RAND Corporation, vol. 2(1), pages 3-21, Spring.
- F. Gasmi & J. J. Laffont & W. W. Sharkey, 1999. "Empirical Evaluation of Regulatory Regimes in Local Telecommunications Markets," Journal of Economics & Management Strategy, Wiley Blackwell, vol. 8(1), pages 61-93, 03.
- Mueller, Dennis C., 1996. "Lessons from the United States's antitrust history," International Journal of Industrial Organization, Elsevier, vol. 14(4), pages 415-445, June.
- Hazlett, Thomas W, 1990. "The Rationality of U.S. Regulation of the Broadcast Spectrum," Journal of Law and Economics, University of Chicago Press, vol. 33(1), pages 133-175, April.
- Richard Schmalensee, 1989. "Good Regulatory Regimes," RAND Journal of Economics, The RAND Corporation, vol. 20(3), pages 417-436, Autumn.
- Aiginger, Karl & Mueller, Dennis C. & Weiss, Christoph, 1998. "Objectives, topics and methods in industrial organization during the nineties: Results from a survey," International Journal of Industrial Organization, Elsevier, vol. 16(6), pages 799-830, November.
- Randall S. Kroszner & Philip E. Strahan, 1998. "What Drives Deregulation? Economics and Politics of the Relaxation of Bank Branching Restrictions," NBER Working Papers 6637, National Bureau of Economic Research, Inc.
- Gasmi, F & Ivaldi, M & Laffont, Jean Jacques, 1994.
"Rent Extraction and Incentives for Efficiency in Recent Regulatory Proposals,"
Journal of Regulatory Economics,
Springer, vol. 6(2), pages 151-176, May.
- Gasmi, Farid & Ivaldi, Marc & Laffont, Jean-Jacques, 1992. "Rent Extraction and Incentives for Efficiency in Recent Regulatory Proposals," IDEI Working Papers 21, Institut d'Économie Industrielle (IDEI), Toulouse.
- Lawrence J. White, 1999. "Wanted: A Market Definition Paradigm for Monopolization Cases," Working Papers 99-01, New York University, Leonard N. Stern School of Business, Department of Economics.
- Joskow, Paul L, 1975. "Firm Decision-making Processes and Oligopoly Theory," American Economic Review, American Economic Association, vol. 65(2), pages 270-279, May.
- Larry Sawers, 1992. "The Navigation Acts revisited," Economic History Review, Economic History Society, vol. 45(2), pages 262-284, 05.
- William Comanor & F. M. Scherer, 1995. "Rewriting History: the Early Sherman Act Monopolization Cases," International Journal of the Economics of Business, Taylor & Francis Journals, vol. 2(2), pages 263-290. Full references (including those not matched with items on IDEAS)
When requesting a correction, please mention this item's handle: RePEc:wpa:wuwpio:0202001. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (EconWPA)
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.