File2-page24 - Lecture 2 Regulation and Development...

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Unformatted text preview: Lecture 2 Regulation and Development Readings Tables and figures in this lecture are taken from: Djankov, S., La Porta, R., Lopez-De-Silanes, F., and Shleifer, A. (2002). “The Regulation Of Entry.” The Quarterly Journal of Economics, 117(1):137. Besley, T. and Burgess, R. (2004). “Can Labor Regulation Hinder Economic Performance? Evidence from India.” Quarterly Journal of Economics, 119(1). Class based on Djankov, S., La Porta, R., Lopez-De-Silanes, F., and Shleifer, A. (2002). “The Regulation Of Entry.” The Quarterly Journal of Economics, 117(1):137. 2.1 Djankov et al. (2002) The Regulation Of Entry 1. Public Interest Theory of Regulation ◦ unregulated markets exhibit frequent failures i.e., monopoly, externalities ◦ benevolent government screens entrants to correct these failures 21 ...
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This note was uploaded on 12/29/2011 for the course ECO 307 taught by Professor Dublin during the Spring '10 term at SUNY Stony Brook.

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