000			01883nam a22002057a 4500
005			20211224120051.0
008			211224b2017 |||||||| |||| 00| 0 eng d
020			_a9781316534885 (ebook) :
040			_aMAIN
041			_aENG
245			_aHow to Regulate : _ba Guide for Policymakers _c[electronic resource] /by Thomas A. Lambert.
260			_aCambridge : _bCambridge University Press, _c2017.
300			_a1 online resource (265 p.)
500			_aTable of Contents : Chapter 1. Defining Our Subject Chapter 2. The Overarching Model Chapter 3. The Private Ordering Ideal Chapter 4. Externalities Chapter 5. Public (and Quasi-Public) Goods Chapter 6. Agency Costs Chapter 7. Market Power Chapter 8. Information Asymmetry Chapter 9. Cognitive Limitations and Behavioral Quirks Conclusion: Closing Thoughts on Open Questions
504			_aIncludes index.
520			_aMarkets 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.
650			_aLaw and Economics.
856			_3Cambridge core online _uhttps://doi.org/10.1017/9781316534885
942			_cEBK
999			_c17699 _d17699