Translating Principles Into Practice in Regulation Theory

Jean-Jacques Laffont

No 1_1999, UADE Working Papers from Instituto de Economía, Universidad Argentina de la Empresa

Abstract: Regulators must understand basic principles of regulation, to explain with credibility their decissions, to asess the universality of the proposals, to develop new solutions, etc. For the relevance of economic theory, economists must fight to include in their frameworks enough constraints, as regulators face in practice, including technology constraints, even informational constraints, bureaucratic and political ones. Debates on regulation are turning around the world more important, defining the discussion frontier about the role of government in the economy.

Keywords: regulation; economic theory; government in the economy (search for similar items in EconPapers)
JEL-codes: D40 D80 L50 (search for similar items in EconPapers)
Pages: 13 pages
Date: 2010-08-03
New Economics Papers: this item is included in nep-hpe and nep-reg
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