Overview:Games and Public Administration: The Law and Economics of Regulation and Licensing - New Horizons in Law and Economics series - Despite the increasing trend towards deregulation, the public regulation of private activities remains a common phenomenon in industrialized countries. However, it is frequently claimed that slow and costly regulatory licensing procedures impede economic growth. This book investigates the strategic and adaptive interaction between citizen-applicants and administrators in regulatory licensing bodies, and studies the effects of policies to accelerate and simplify these processes. Based on a variation and extension of the enforcement game, the author demonstrates that amendments to procedural rules which aim to speed-up and improve licensing procedures may have the effect of reducing social welfare. He illustrates that the failure of a policy to increase the number of applications implies a failure to increase the number of licenses granted. This in turn causes a reduction of social welfare. Importantly, he shows that the reverse implications are not true and that despite an increase in the number of applications or licenses granted, social welfare may still decline. Therefore, he argues that any evaluation of procedural reforms on purely theoretical grounds is impossible. Only the measurement of real improvements in social welfare will verify the success of a policy. To establish failure, however, it is simply necessary to observe a decrease in the number of applications or licenses granted. This book is a rare combination of game theoretic modeling and microeconomic analysis on the effects of variations in the procedural rules of licensing. The conclusions drawn will interest and inform a wide variety of academics and researchers working in the fields of law and economics, regulation, administrative law and game theory.
This book is on page /88f0ff300130a9332bf7ee8997e69000/book/1603728437-9781843767565. It was written by the following authors: Georg Von Wangenheim. Book Games and Public Administration: The Law and Economics of Regulation and Licensing - New Horizons in Law and Economics series, which can be read online, published by the company: Edward Elgar Publishing Ltd. Other books on similar topics can be found in sections: Finance, Law, Business. The book was published on 2004-03-25 00:00:00. It has 288 pages and is published in Hardback format and weight 544 g. File for download Games and Public Administration: The Law and Economics of Regulation and Licensing - New Horizons in Law and Economics series has PDF format and is called games-and-public-administration-the-law-and-economics-of-regulation-and-licensing-new-horizons-in-law-and-economics-series.pdf. Other books you can download below. Our nottedeiricercatoriaq.it site is not responsible for the content of PDF files.
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