UVM logo


Marc T. Law

ECONOMICS 230
  T TH 10:00-11:15am
Old Mill 221

Course Syllabus (pdf file)
Schedule for Presentations (pdf file)

OFFICE HOURS (Old Mill 338)
  • Mondays and Wednesdays from 2:00-3:00pm
KEY DATES
  • Midterm (Wednesday, October 14th)
  • Term paper (Friday, December 4th)
  • In-class presentation of an article on the reading list (see schedule above)
  • Three page written summary of a different article on the reading list (see schedule above)
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 Economic Theory of Regulation." (pdf)
  • Mitchell and Munger (1991). "Economic Models of Interest Groups: An Introductory Survey." (pdf)
Does Regulation Work Properly.
  • 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)
The Early Federal Regulatory State: The ICC, Meat Inspection, and Antitrust
  • 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)
  • Bittlingmayer (1996). "Antitrust and Business Activity: The First Quarter Century." (pdf)
  • Ross (1984). "Winners and Losers under the Robinson-Patman Act." (pdf)
Causes and Consequences of Environmental Regulation
  • 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)
  • Peltzman (1987). "Health Effects of Mandatory Prescriptions." (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
  • Dupre (1999). "If It's Yellow, It Must be Butter: Margarine Regulation in North America Since 1886." (pdf)
  • Law (2003). "The Origins of State Pure Food Regulation." (pdf)
  • 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)
The Regulation of Advertising
  • Law and Hansen (2008). "The Political Economy of Truth-in-Advertising Regulation during the Progressive Era." (pdf)
  • Milyo and Waldfogel (1999). "The Effects of Price Advertising on Prices: Evidence in the Wake of 44 Liquormart." (pdf).

Last updated: October 4, 2009