The politics of government decision making : regulatory institutions

Public decision makers are given a vague mandate to regulate industries. Restrictions on their instruments or scope of regulation affect their incentives to identify with interest groups and the effectiveness of supervision by watchdogs. This idea is illustrated in the contex...

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Bibliographic Details
Main Authors: Laffont, Jean-Jacques, Tirole, Jean
Format: Working Paper
Published: MIT Center for Energy and Environmental Policy Research 2009
Online Access:http://hdl.handle.net/1721.1/50144