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How to Regulate - A Guide for Policymakers (Hardcover)
Loot Price: R2,791
Discovery Miles 27 910
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How to Regulate - A Guide for Policymakers (Hardcover)
Expected to ship within 10 - 15 working days
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Markets sometimes fail. But so do regulatory efforts to correct
market failures. Sometimes regulations reach too far, condemning
good activities as well as bad, and sometimes they don't reach far
enough, allowing bad behavior to persist. In this highly
instructive book, Thomas A. Lambert explains the pitfalls of both
extremes while offering readers a manual of effective regulation,
showing how the best regulation maximizes social welfare and
minimizes social costs. Working like a physician, Lambert
demonstrates how regulators should diagnose the underlying disease
and identify its symptoms, potential remedies for it, and their
side effects before selecting the regulation that offers the
greatest net benefit. This book should be read by policymakers,
students, and anyone else interested in understanding how the best
regulations are crafted and why they work.
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