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make new regulations more economically efficient. First, beforedesigning a regulation, regulators should define the problem … the regulation is supposed to address, which should include determining whether a widespread and systemic problem exists …
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make new regulations more economically efficient. First, before designing a regulation, regulators should define the … problem the regulation is supposed to address, which should include determining whether a widespread and systemic problem …
Persistent link: https://www.econbiz.de/10013048672
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We present solutions to each of the major delegation problems that arise when elected officials delegate rulemaking authority to government agencies. These problems include principal-agent issues, monopoly provision, information asymmetry, and tragedy of the commons. Rather than presenting our...
Persistent link: https://www.econbiz.de/10014347565