Mathis / Tor

Law and Economics of Regulation

Springer

ISBN 978-3-030-70529-9

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235,39 €

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auch verfügbar als eBook (PDF) für 223,63 €

Bibliografische Daten

Fachbuch

Buch. Hardcover

2021

16 s/w-Abbildungen, Bibliographien.

In englischer Sprache

Umfang: xvi, 320 S.

Format (B x L): 15,5 x 23,5 cm

Gewicht: 661

Verlag: Springer

ISBN: 978-3-030-70529-9

Produktbeschreibung

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.

Autorinnen und Autoren

Kundeninformationen

Gives state-of-the-art insights to the new developments of Law and Economics of Regulation? Analyses regulations from a neoclassical economics and behavioural economics perspective Provides a practical one-volume book for readers who wish to gain in-depth knowledge on the economic analysis of recent developments in law and policy in Europe and the United States of America

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