Revolving Doors and Regulatory Complexity

Anthony Heyes

No 99/1, Royal Holloway, University of London: Discussion Papers in Economics from Department of Economics, Royal Holloway University of London

Abstract: Regulators often go on to lucrative careers either working for, or selling advice to, the industry they previously policed. We investigate the implications of this phenomenon for the design of regulatory institutions. The policy response of cooling-off periods (as used in the UK, US, France and elsewhere) is often welfare-reducing. Capping advisory fees is shown to be a better solution.

Keywords: Regulatory; institutions; -; expert; advice (search for similar items in EconPapers)
JEL-codes: K4 L50 (search for similar items in EconPapers)
Pages: pages
Date: 2000-02, Revised 2000-02
New Economics Papers: this item is included in nep-dev, nep-dge, nep-his, nep-ino and nep-tid
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