Peltzman's Ineffective Theory of Regulation

This paper shows that Peltzman's theory of regulation is ineffective: no monopolist will follow his order to lower price and increase output. Faced with lower price, monopolists will only reduce their output. Consumers' surplus may not increase either. When those unsatisfied consumers have to pay higher price for the product from the black market, overall consumers' surplus might even drop

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Year of publication:	2016
Authors:	Choi, Hak
Publisher:	[2016]: [S.l.] : SSRN
Subject:	Regulierung \| Regulation \| Regulierungstheorie \| Economics of regulation

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Extent:	1 Online-Ressource (6 p)
Type of publication:	Book / Working Paper
Language:	English
Notes:	Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments February 17, 2016 erstellt
Other identifiers:	10.2139/ssrn.2733454 [DOI]
Classification:	L51 - Economics of Regulation
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10012998824