Regulatory economics

In “The Effects of Economic Regulation,” Joskow lists some of the attributes of “good regulation”. He argues that good regulation is supposed to restrain quantity and promote quality. He also points out that good regulation constrains prices so that the firms earn neither excess nor insufficient profits. He goes on to say that good regulation regulates the efficiency of the structure of interest rates . Alternatively, Hutt in “Five Moral Imperatives of Government Regulation” depicts that good regulation, rather than in the economic field, must express fundamental ethical principles particularly in the health and safety field. Hutt observes, however, that the ethical principles they embody are often in conflict with each other, making this form of regulation largely controversial . To take historical context of government regulation in perspective, markets in Islamic Spain were carefully regulated, from which numerous officers strived to supervise their daily operation. The subsequent segment of this paragraph by Ibn Abdun portrays examples of the said regulation…

independence of regulatory agencies indicates that they can operate without political interference and this ‘independence’ means protection from interference from the political power, particularly from the executive branch through ‘for-cause removal protection’ or through specified terms of tenure with their independence granted by legislation or the Constitution and mechanisms such as collegial membership . For Brown and others: The key characteristic of the independent regulator model is…

The board derives its regulatory authority from the provisions of the Alabama Sunset Law of 1981 through which it is categorized as an enumerated agency based on Section 41-20-3. Moreover, the board has established administrative rules that govern its licensure or certification activities as well as a Code of Ethics based on the requirements by the American Counseling Association. Actually, the American Counseling Association has established a Code of Ethics that is used to govern the…

appropriately to best meet the needs of the students. Additionally, the district is audited each year to ensure compliance and appropriate use of funds. The financial procedures are all electronic now in order to remove a bit of human error that may have been present in the past. There are checks and balances in place to ensure that funds are being used appropriately. All expenses must be submitted for approval to the principal and the district. The principals are given some training on how…

Furthermore Status is a label that is best to describe someone by the action that they commit. People want always want themselves to have a great status such as wealth where as some others come unfortunate and have the status of gay and lesbian which as the republic of Gilead does not accept and also many societies today. The types of statuses include having a superior religion, Being LGBT and finally jobs that women had. Religion is a very important factor in the society of Gilead, they respect…

The first key regulatory compliance process is the process of making major purchases such as textbooks, uniforms, technology, and a variety of other major purchases. This process requires not only pre-approval by the school leadership but also a lot of leg work to find three different companies and acquire three different quotes for said items that are going to be purchased. This process helps us to stay in compliance with state regulations and allows those that are seeking purchases to find…

training to persuade business actors in discouraging harmful behaviours. An example of persuasive approach is educating businesses on knowledge of potential harms caused by poor workplace standards, in order to prevent harm on the loss of lives and industrial disaster from occurring. However, limitations of the persuasive approach are found in its ability to function only when a corporation is willing to comply (Gunningham 2011, 201) and how this crime prevention regime relies on good sets of…

given various freedoms with which they can live their lives under their own personal terms. However, in the world of economics, these freedoms are not necessarily the same. Economic freedom is defined as, “the freedom to prosper within a country without intervention from a government or economic authority” (Business Dictionary). This is rarely the case in the real world. Companies and organizations are always held accountable for their actions. This is usually by the largest governments and…

‘declaring’ Telstra’s infrastructure to enable competitors access, supporters of regulation contest this improves market and social outcomes. Key Concepts This article relates to the political and regulatory environment as ACCC regulatory powers under Part XIC of the Competition and Consumer Act 2010 (Cth) may threaten Telstra’s growing 63% regional market share lead (AFR 2014). Under the public interest theory (Pigou 1932), regulatory interventions underpinned by society's best interests can…

Trade and Investment Partnership in context of data protection. Firstly, general background information on TTIP will be given to ensure a basic understanding of TTIP’s effect on the world economy and trading relationships. The political dimension of TTIP will be largely ignored. In the second subchapter the planned regulatory cooperation will be described generally but also in respect to data protection. 2.1 Background Information on TTIP The EU and the US have negotiated officially on the…