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Law and Economics of Regulation

Law and Economics of Regulation

Author: Klaus Mathis; Avishalom Tor
Publisher: Springer-Verlag
ISBN: 9783030705329

Published In: May 2022
Format: Paperback
Jurisdiction: Switzerland ? Disclaimer:
Countri(es) stated herein are used as reference only
Hardback Edition ISBN: 9783030705299

HKD 2,659.00

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Description
Contents

Details

This book explores current issues regarding the regulation of various economic sectors, theoretically and empirically, discussing both neoclassical and behavioural economics approaches to regulation. Regulation has become one of the main determinants of modern economies, and virtually every sector is subject to general laws and regulations as well as specific rules and standards. A traditional argument to justify regulatory interventions is the promotion of public interests. Fixing markets that lack competition, balancing information asymmetries, internalising externalities, mitigating systemic risks, and protecting consumers from irrational behaviour are frequently invoked to complement the invisible hand of the market with the visible hand of the state.However, regulations can lead to unintended consequences, and serve the interests of powerful private interest groups rather than the public interest and social welfare.

Part I: Law and Economics of Regulation Theory

Public Services as a Strategy of Regulation

Sectoral Self-Regulation as a Viable Tool

Ethical Blind Spots & Regulatory Traps: On Distorted Regulatory Incentives, Behavioural Ethics & Legal Design

Law and Economics as a Vehicle for Judicial Activism in Russian Law

Part II: Specific Applications of Law and Economics of Regulation

Key Lessons for the Design of Consumer Protection Legislation

Regulation of Information about Unfolding Events in Securities Markets: A Behavioural Economics Perspective

Data Flows v. Data Protection: Mapping the Pros and Cons of Existing Reconciliation Models in Global Trade Law and Beyond

The Concept of Regulatory Arbitrage

(Un)intended Consequences of Macroprudential Regulation

Precautionary Antitrust: A Precautionary Tale in European Competition Policy