We assembled a database consisting of fifty-two regulatory decisions, spanning two hundred and fifty-four annual observations, made by seven different regulators and across five different industries. For each of these observations, we construct a variable that represents the proportion of the...

We assembled a database consisting of fifty two regulatory decisions, involving two hundred and fifty four annual observations, made by seven different regulators and across five different industries. For each of these observations we construct a variable that represents the proportion of the...