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http://ssrn.com/abstract=1408163
 
 

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Mechanism Choice


Jonathan B. Wiener


Duke University

Barak D. Richman


Duke University - School of Law

July 1, 2009

PUBLIC CHOICE AND PUBLIC LAW, Daniel A. Farber and Anne Joseph O'Connell, eds., Forthcoming
Duke Law School Public Law & Legal Theory Paper No. 250

Abstract:     
This paper is a draft of a chapter for a forthcoming book, Public Choice and Public Law, edited by Daniel Farber and Anne Joseph O'Connell, to be published by Edward Elgar. This chapter reviews the literature on the selection of regulatory policy instruments, from both normative and positive perspectives. It first reviews the mechanism design literature to identify normative objectives in selecting among the menu or toolbox of policy instruments. The chapter then discusses the public choice and positive political theory literatures and the variety of models developed to attempt to predict the actual selection of alternative policy instruments. It begins with simpler early models focusing on interest group politics and proceeds to more complicated models that incorporate both supply and demand for policy, the role of policy entrepreneurs, behavioral and cognitive choice, and public perceptions and mass politics. It compares these theories to empirical experience. The chapter examines literature in law, economics, political science, and related fields, and it draws examples from US, European, and international regulation. It concludes with suggestions for future research.

Number of Pages in PDF File: 44

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Date posted: May 21, 2009 ; Last revised: October 6, 2012

Suggested Citation

Wiener, Jonathan B. and Richman, Barak D., Mechanism Choice (July 1, 2009). PUBLIC CHOICE AND PUBLIC LAW, Daniel A. Farber and Anne Joseph O'Connell, eds., Forthcoming; Duke Law School Public Law & Legal Theory Paper No. 250. Available at SSRN: http://ssrn.com/abstract=1408163

Contact Information

Jonathan Baert Wiener
Duke University ( email )
Box 90360
Durham, NC 27708
United States
919-613-7054 (Phone)
919-613-7231 (Fax)
HOME PAGE: http://www.law.duke.edu/fac/wiener/
Barak D. Richman (Contact Author)
Duke University - School of Law ( email )
Box 90360
Duke School of Law
Durham, NC 27708
United States
919-613-7244 (Phone)
919-613-7231 (Fax)
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