Who Will Deregulate the Deregulators?
11 Pages Posted: 19 Feb 2008
A well-intentioned and fully informed regulator may determine that the optimal policy is to deregulate the market, yet the regulator may be constrained from doing so. In this condition, deregulatory policies originate in exogenous shocks to the regulator's choice environment. Entrepreneurship in political and economic markets is a primary source of institutional change that promotes deregulation.
Keywords: deregulation, natural monopoly, entrerepeurship, institutions, institutional change
JEL Classification: D7, L43, L51
Suggested Citation: Suggested Citation