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The promises and pitfalls of an endogenous theory of institutional change: A comment

✍ Scribed by Caporaso, James A.

Book ID: 126829726
Publisher: Frank Cass & Co. Ltd
Year: 2007
Tongue: English
Weight: 304 KB
Volume: 30
Category: Article
ISSN: 0140-2382
DOI: 10.1080/01402380701239921

No coin nor oath required. For personal study only.

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This paper extends the economic theory of regulation to include endogenous regulatory change. It outlines conditions under which endogenously rising deadweight costs of regulation can alter the policy equilibrium, even if those rising costs are fully anticipated. Within this framework, alternative w