Despite having developed a comprehensive and highly-rated regulatory policy system (so-called 'better regulation'), involving consultation, impact assessments, evaluation, inter-institutional commitment and independent oversight, the European Union continues to face criticism for the volume,...

The Building Regulatory Capacity Assessment (BRCA) is a methodology to help countries, and cities assess their building and land use regulatory framework and identify opportunities for priority reforms and improvements. This is a pressing issue, as in many countries, rapid urbanization is...

Do firms uniformly oppose regulations that increase production costs, or might industry leaders strategically support stricter standards as a competitive tool? We identify a specific mechanism through which large firms strategically support regulations to enhance their competitive position....

We study how sustainability disclosure regulation affects mutual fund flows and portfolio choices, accounting for investor heterogeneity. Guided by a model of ESG investing under uncertainty, we exploit the introduction of the European Sustainable Finance Disclosure Regulation (SFDR) as a...

This study reviews the literature on the impacts of Certificate-of-Need (CON) laws, which require the approval of states' health planning agencies for health care providers to engage in regulated actions such as opening or expanding facilities or purchasing equipment. Economic theory suggests...

Government by regulation structures how constitutional democracies normally operate. Legislatures and executive agencies enact formal rules that govern conduct, embodying the ideal of government by laws rather than by individuals. Yet regulators also govern through threats of regulation. When...