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An Economic Approach to Regulating Algorithms

Rambachan, Ashesh; Kleinberg, Jon; Mullainathan, Sendhil; … - 2022

discriminatory) actors are the ones building algorithms, optimal regulation involves algorithmic disclosure but otherwise no …

Persistent link: https://www.econbiz.de/10013307510

Merchant Transmission Investment

Joskow, Paul L.; Tirole, Jean - 2021

We examine the performance attributes of a merchant transmission investment framework that relies on market driven' transmission investment to provide the infrastructure to support competitive wholesale markets for electricity. Under a stringent set of assumptions, the merchant investment model...

Persistent link: https://www.econbiz.de/10013218795

Pricing Capital Under Mandatory Unbundling and Facilities Sharing

Pindyck, Robert S. - 2021

The regulation of telecommunications, railroads, and other network industries has been based on mandatory unbundling …

Persistent link: https://www.econbiz.de/10013243961

Reliability and Competitive Electricity Markets

Joskow, Paul L.; Tirole, Jean - 2021

Despite all of the talk about deregulation' of the electricity sector, a large number of non-market mechanisms have been imposed on emerging competitive wholesale and retail markets. These mechanisms include spot market price caps, operating reserve requirements, non-price rationing protocols,...

Persistent link: https://www.econbiz.de/10013247433

Incomplete Environmental Regulation, Imperfect Competition, and Emissions Leakage

Fowlie, Meredith - 2008

. In a straightforward application of the theory of the second best, I show that incomplete regulation can welfare dominate …For political, jurisdictional and technical reasons, environmental regulation of industrial pollution is often … regulated producers are less polluting than their unregulated ounterparts, emissions under incomplete regulation can exceed the …

Persistent link: https://www.econbiz.de/10012769643

Effects of Regulation on Utility Financing : Theory and Evidence

Taggart, Robert A. - 2008

jurisdictions. This theory of regulatory influence is tested by examining several episodes in the financing experience of U … years of state commission regulation. Examples of an adaptive response pattern on the part of regulators, firms and …

Persistent link: https://www.econbiz.de/10012774607

From Nothing to Too Much : Regulatory Reform in Greece

Hatzis, Aristides N.; Nalpantidou, Sonia - 2013

make the situation worse, an impact assessment analysis should accompany every law and every regulation of every Ministry …

Persistent link: https://www.econbiz.de/10014221615

The Effects of Pharmaceutical Marketing and Promotion on Adverse Drug Events and Regulation

David, Guy - 2013

This paper analyzes the relationship between postmarketing promotional activity and reporting of adverse drug events by modeling the interaction between a welfare maximizing regulator (the FDA) and a profit maximizing firm. In our analysis demand is sensitive to both promotion and regulatory...

Persistent link: https://www.econbiz.de/10012753261

Democratic Rulemaking

de Figueiredo, John M. - 2015

This paper examines to what extent agency rulemaking is democratic. It reviews theories of administrative rulemaking in light of two normative benchmarks: a “democratic” benchmark based on voter preferences, and a “republican” benchmark based on the preferences of elected...

Persistent link: https://www.econbiz.de/10013011085

Unbundling Polarization

Canen, Nathan - 2018

This paper investigates the determinants of political polarization, a phenomenon of increasing relevance in Western democracies. How much of polarization is driven by divergence in the ideologies of politicians? How much is instead the result of changes in the capacity of parties to control...

Persistent link: https://www.econbiz.de/10012910288