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Unformatted text preview: Economic theories of regulation: 1. Public Interest . .. more representative governments entry regulations 2. Public Choice ... less representative governments entry regulations a) Capture version: ... to beneFt the incumbent Frms b) Toolbooth: ... to beneFts themselves Data: Papers uses new data set on entry regulation (no. oF procedures, time, cost) in 85 countries Findings: Stricter regulation oF entry is not associated with higher quality prod-ucts, better pollution records or health outcomes or keener competi-tion Development Economics, LSE Summer School 2007 22...
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- Spring '10