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ECONOMICS 230
ECONOMICS OF REGULATION SEMINAR
Spring 2012
MWF 9:35-10:25am
Lafayette L408
Course Syllabus
(pdf file)
OFFICE HOURS (Old Mill 338)
- Wednesdays from 2:00-3:30pm
KEY DATES
- Midterm (Monday, February 27th).
- Term paper (Monday, April 30th)
- Final test (Tuesday, May 8th at 1:30pm)
- In-class presentation of an article on the reading list
(schedule to be determined)
- Three page written summary of two different articles on the
reading list (schedule to be determined)
Note: The midterm will be
held during regular class time. If
you miss a test without a valid excuse, you will receive a grade of
zero!
READINGS
Market Failure and the Public Interest Theory of Regulatoin
- Breyer (1980). "Typical Justifications for Regulation." (pdf)
- Greer (1993). "The Market: Ideal and Real." (pdf)
Collective Choice Issues
- Stevens (1993). "Direct (Participatory) Government." (pdf)
Interest Group Theories of
Regulation
- Stigler (1971). "The Theory of Economic Regulation." (pdf)
- Mitchell and Munger (1991). "Economic Models of Interest
Groups: An Introductory Survey." (pdf)
Does Regulation Work
Properly? Can there be a single theory of regulation?
- Stigler and Friedland (1962).
"What Can Regulators Regulate? The Case of Electricity." (pdf)
- Krueger (1990). "The
Political Economy of Controls: American Sugar." (pdf)
Empirical cross-country
and
cross-state evidence on regulation.
- Mulligan and Shleifer (2005). "The Extent of the Market and
the Supply of Regulation." (pdf)
- Djankov, La Porta, Lopes-de-Silanes and Shleifer (2002).
"The Regulation of Entry." (pdf)
- Botero, Djankov, La Porta, Lopes-de-Silanes, and Shleifer
(2004). "The Regulation of Labor." (pdf)
- La Porta, Lopes-de-Silanes, Shleifer and Vishny (1998).
"Law and Finance." (pdf)
Emergence of regulation in
the United States.
- Gilligan, Marshall and Weingast (1989). "Regulation and the
Theory of Legislative Choice: The Interstate Commerce Act of 1887."
(pdf).
- Libecap (1992). "The Rise of the Chicago Packers and the
Origins of Meat Inspection and Antitrust." (pdf)
- Knittel (2006). "The Adoption of Electricity Regulation:
The Role of Interest Groups" (pdf)
The consequences of
antitrust regulation
- Bittlingmayer (1993). "The
Stock Market and Early Antitrust Enforcement." (pdf)
- Ross (1984). "Winners and
Losers under the Robinson-Patman
Act." (pdf)
- Sproul (1993).
"Antitrust and Prices." (pdf)
Regulation of banking and
finance: causes and consequences
- Rajan and Ramcharan (2009). "Land and Credit: a Study of
the Political Economy of Banking in the United States in the Early 20th
Century. (pdf)
- Dehejia and Lleras-Muney (2007). "Financial Development,
Institutions, and Pathways of Growth: State Branching and Deposit
Insurance Laws in the United States, 1900-1940." (pdf)
Environmental regulation:
causes and consequences
- Pashigian (1985). "Environmental Regulation: Whose Self
Interests are Being Protected?" (pdf)
- Becker and Henderson (2000). "Effects of Air Quality
Regulation on Polluting Industries." (pdf)
- Ringquist (1993). "Does Regulation Matter: Evaluating the
Effects of State Air Pollution Programs." (pdf)
- Chay and Greenstone (2003). "Air Quality, Infant Mortality,
and the Clean Air Act of 1970." (pdf)
Origins and Effects of
Safety
Regulations
- Fishback and Kantor (1998). "Adoption of Workers'
Compensation in the United States." (pdf)
- Viscusi (1979). "Impact of Occupational Health and Safety
Regulation." (pdf)
- Viscusi (1985). "Consumer Behavior and the Safety Effects
of Product Safety Regulations." (pdf)
- Sen (2001). "An Empirical Test of the Offset Hypothesis."
(pdf)
- Levitt and Doyle (2006). "Evaluating the Effectiveness of
Child Safety Seats and Seatbelts in Protecting Children from Injury."
(pdf)
- Kleiner and Kudrle (2000). "Does Regulation Affect Economic
Outcomes: The Case of Dentistry." (pdf)
Food and Drugs Regulation:
Causes and Consequences
- Grabowski, Vernon, and Thomas (1978). "Estimating the
Effects of Regulation on Innovation: An International Comparative
Analysis of the Pharmaceutical Industry." (pdf)
- Olson (1997). "Firms' Influences on FDA Drug Approval."
(pdf)
- Olson (2002). "Pharmaceutical Policy Change and the Safety
of New Drugs." (pdf)
Regulation of Advertising
- Milyo and Waldfogel
(1999). "The Effects of Advertising on Prices: Evidence in the Wake of
44 Liquormart." (pdf)
Last
updated: January 12, 2012
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