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How to Regulate: A Guide for Policymakers

How to Regulate: A Guide for Policymakers

Name: How to Regulate: A Guide for Policymakers
Brand: Cambridge University Press
SKU: 9781316508008
Price: 479.18 HKD
Availability: InStock
Author: Thomas A. Lambert
ISBN: 9781316508008

By Thomas A. Lambert

Cambridge University Press August 2017

Specifications

ISBN-13: 9781316508008
Publisher: Cambridge University Press
Publication: August 2017
Format: Paperback
Jurisdiction: U.S. ? Countri(es) for reference only

Details

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.

In this highly instructive book, Thomas A. Lambert 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. Working like a physician, Lambert demonstrates how regulators should diagnose the underlying disease and identify its symptoms, potential remedies, and side effects before selecting the regulation that offers the greatest net benefit.

This book should be read by policymakers, students, and anyone else interested in understanding how the best regulations are crafted and why they work.

1. Defining our subject

2. The overarching model

3. The private ordering ideal

4. Externalities

5. Public (and quasi-public) goods

6. Agency costs

7. Market power

8. Information asymmetry

9. Cognitive limitations and behavioral quirks

Conclusion. Closing thoughts on open questions.

HKD 479.18 −3%

HKD 494.00