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Item Title:

The Failure of Judges and the Rise of Regulators (Walras-Pareto L-Used

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Item Condition: Used
Current Time:27 May 17 09:37:10
Time & Date displayed is forUnited States - EDT
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Quantity: (2 Available)
Price per item: £13.62 ($17.63)

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Item Specifics - Books ISBN : 9780262016957
Author : Andrei Shleifer
13.62 16687132 The Failure of Judges and the Rise of Regulators (Walras-Pareto Le http://medium.snazal.com/?9780262016957 http://large.snazal.com/?9780262016957 Andrei Shleifer 9780262016957 9780262016957 Media Book
Lot # 16687132
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Title: The Failure of Judges and the Rise of Regulators (Walras-Pareto Le

Author(s): Andrei Shleifer
Publisher:
ISBN: 9780262016957
Sku Code: 9780262016957
Media > Books
The Failure of Judges and the Rise of Regulators (Walras-Pareto Lectures)
Description:
Government regulation is ubiquitous today in rich and middle-income countries--present in areas that range from workplace conditions to food processing to school curricula--although standard economic theories predict that it should be rather uncommon. In this book, Andrei Shleifer argues that the ubiquity of regulation can be explained not so much by the failure of markets as by the failure of courts to solve contract and tort disputes cheaply, predictably, and impartially. When courts are expensive, unpredictable, and biased, the public will seek alternatives to dispute resolution. The form this alternative has taken throughout the world is regulation. The Failure of Judges and the Rise of Regulators gathers Shleifer's influential writings on regulation and adds to them a substantial introductory essay in which Shleifer critiques the standard theories of economic regulation and proposes "the Enforcement Theory of Regulation," which sees regulation as the more efficient strategy for social control of business. Subsequent chapters present the theoretical and empirical case against the efficiency of courts, make the historical and theoretical case for the comparative efficiency of regulation, and offer two empirical studies suggesting circumstances in which regulation might emerge as an efficient solution to social problems. Shleifer does not offer an unconditional endorsement of regulation and its expansion but rather argues that it is better than its alternatives, particularly litigation.

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