Special-interest theories of economic regulation

Reference no: EM13695102

Why do producers have more interest in government regulations than consumers do? (a) Compare and contrast the public-interest and special-interest theories of economic regulation. What is the capture theory of regulation? (b) Which of these theories best describes the case of airline deregulation? Which best explains the government’s case against Microsoft?

Reference no: EM13695102

Questions Cloud

Draw lorenz curves for two income distributions : Draw Lorenz curves for 2 income distributions. Can you say which distribution is more unequal based on

Discussions of commodity-money and the gold standard : In the trade based model, the supply of a country’s currency in foreign exchange markets is primarily a function of. What does “redemption” refer to in discussions of commodity-money and the Gold Standard? What does it mean when a currency “floats?”

Suppose instead that the payoffs of advertising game : Suppose instead that the payoffs of advertising game between two companies are (20,20), (28,5), (5,28), and (12,12) when the strategy combinations are (C, C), (N, C), (C, N) and (N, N). Then the minimum patience (in terms of the discount factor) need..

Real deficit change problem : Inflation is 20 percent. Debt is $2 trillion. The nominal deficit is $300 billion. If the expected inflation rate falls from 20 percent to 15 percent, by how much does the real deficit change?

Special-interest theories of economic regulation : Why do producers have more interest in government regulations than consumers do? Compare and contrast the public-interest and special-interest theories of economic regulation. What is the capture theory of regulation?

Two heavy equipment manufacturers might collude : Two heavy equipment manufacturers might collude in an effort to do all of the following except one.

Dilemma game-player receives depends on neither strategy : In the prisoner’s dilemma game, the sentence that each player receives depends on neither strategy chosen

Suppose the governments of two different economies : Suppose the governments of two different economies, economy A and economy B, implement a permanent tax cut of the same size. Investment spending in economy A is less sensitive to changes in the interest rate than investment spending in economy B.

Hypothetical closed economy-marginal propensity to consume : Consider a hypothetical closed economy in which households spend $0.60 of each additional dollar they earn and save the remaining $0.40. The marginal propensity to consume (MPC) for this economy is and the spending multiplier for this economy is

User Account

All Pages