Activists versus Captured Regulators
dc.contributor.author
Daubanes, Julien
dc.contributor.author
Rochet, Jean-Charles
dc.date.accessioned
2017-06-11T02:56:41Z
dc.date.available
2017-06-11T02:56:41Z
dc.date.issued
2013-10
dc.identifier.issn
2364-1428
dc.identifier.issn
1617-9595
dc.identifier.uri
http://hdl.handle.net/20.500.11850/77991
dc.description.abstract
We analyze the consequences of activism in a regulated industry where the regulator has been captured by the industry. Unlike ordinary economic agents, activists are insensitive to monetary incentives. Moreover, they are less well informed than regulators and their actions generate dead-weight costs. Yet we find that activism may increase social welfare because it disciplines captured regulators and reduces the social cost of imperfect regulatory systems.
dc.language.iso
en
dc.publisher
CESifo
dc.subject
Public regulation
dc.subject
Regulatory capture
dc.subject
Pro-industry bias
dc.subject
Private politics
dc.subject
Activism
dc.title
Activists versus Captured Regulators
dc.type
Working Paper
ethz.journal.title
CESifo Working Papers
ethz.journal.volume
4444
ethz.size
41 p.
ethz.identifier.nebis
005472481
ethz.publication.place
Munich
ethz.publication.status
published
ethz.leitzahl
ETH Zürich::00002 - ETH Zürich::00012 - Lehre und Forschung::00007 - Departemente::02120 - Dep. Management, Technologie und Ökon. / Dep. of Management, Technology, and Ec.::03635 - Bretschger, Lucas (emeritus) / Bretschger, Lucas (emeritus)
ethz.leitzahl.certified
ETH Zürich::00002 - ETH Zürich::00012 - Lehre und Forschung::00007 - Departemente::02120 - Dep. Management, Technologie und Ökon. / Dep. of Management, Technology, and Ec.::03635 - Bretschger, Lucas (emeritus) / Bretschger, Lucas (emeritus)
ethz.date.deposited
2017-06-11T02:59:03Z
ethz.source
ECIT
ethz.identifier.importid
imp59365173c089558848
ethz.ecitpid
pub:122904
ethz.eth
yes
ethz.availability
Metadata only
ethz.rosetta.installDate
2017-07-14T19:41:52Z
ethz.rosetta.lastUpdated
2024-02-01T21:22:37Z
ethz.rosetta.versionExported
true
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Working Paper [5717]