Law and Economics of Regulation is popular PDF and ePub book, written by Klaus Mathis in 2021-04-24, it is a fantastic choice for those who relish reading online the Law genre. Let's immerse ourselves in this engaging Law book by exploring the summary and details provided below. Remember, Law and Economics of Regulation can be Read Online from any device for your convenience.
Law and Economics of Regulation Book PDF Summary
This book explores current issues regarding the regulation of various economic sectors, theoretically and empirically, discussing both neoclassical and behavioural economics approaches to regulation. Regulation has become one of the main determinants of modern economies, and virtually every sector is subject to general laws and regulations as well as specific rules and standards. A traditional argument to justify regulatory interventions is the promotion of public interests. Fixing markets that lack competition, balancing information asymmetries, internalising externalities, mitigating systemic risks, and protecting consumers from irrational behaviour are frequently invoked to complement the invisible hand of the market with the visible hand of the state.However, regulations can lead to unintended consequences, and serve the interests of powerful private interest groups rather than the public interest and social welfare. In addition, new insights from behavioural economics question the traditional regulatory approaches, most prominently in attitudes towards consumers. Furthermore, digitalisation and technological innovation in general present new challenges in terms of both the type of regulation and the regulatory process.Part I of this book discusses various theoretical approaches to the economic analysis of regulations, while Part II looks at specific applications of the law and economics of regulation.
Detail Book of Law and Economics of Regulation PDF
- Author : Klaus Mathis
- Release : 24 April 2021
- Publisher : Springer Nature
- ISBN : 9783030705305
- Genre : Law
- Total Page : 327 pages
- Language : English
- PDF File Size : 9,6 Mb
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