We present and illustrate novel data on more than a century of regulation in Switzerland. We provide quantitative … in the annual changes to such regulation from 1908-2013. We measure the stock of regulation by the number of enactments … in the stock of regulation and the extent and development of regulatory activity. Regulatory activity generally increased …

We develop a model to discuss a government's incentives to delegate to bureaucrats the regulation of an industry. The …-based regulation policy requires the government to make use of a bureaucracy; this has a bureaucratic cost, as the bureaucracy diverts … implications for when and how a government should delegate its regulation of industry. We find that bureaucratic discretion reduces …

and labour market regulation on the capital stock. Several alternative testing methods show that the negative influence of … product and labour market regulation is considerably stronger at higher levels. The paper uncovers important policy …