firms are more likely to anger consumers. Regulation can increase welfare, for example, through fines (even if there are no … changes in prices). We illustrate these gains in a monopoly setting, where regulation affects welfare through 3 channels (i) a …); (ii) regulation calms down existing consumers because a reduction in the profits of an "unkind" firm increases total …

Progressive Movement. Cigarette prohibition was special interest regulation, though not of the usual narrow neoclassical genre; it … opponents of cigarette regulation were cigarette smokers and the more organized cigarette lobby. An active Progressive Movement …

In the United States today, the system of financial regulation is complex and fragmented. Responsibility to regulate …

following state-level legislation that ended cost-of-service regulation of electricity generation. I find that deregulated …

costs in less-competitive or regulated environments. We test this using a transition from cost-of-service regulation to …

High and increasing hospital prices have led to calls for price regulation. If prices are high because of consolidation …

Regulation (GDPR). The opt-in requirement of GDPR resulted in 12.5% drop in the intermediary-observed consumers, but the …