Two Dimensions of Regulatory Competition

17 Pages Posted: 6 Jan 2003  

Francesco Parisi

University of Minnesota - Law School; University of Bologna

Norbert Schulz

University of Wuerzburg - Department of Economics

Jonathan Klick

University of Pennsylvania Law School; Erasmus School of Law; PERC - Property and Environment Research Center

Abstract

This paper recasts current theories of regulatory or legislative competition. Building on the recent contribution of Buchanan and Yoon (2000), we consider alternative ways in which decision-making competence can be allocated among multiple legislative or administrative bodies. The general model is used to consider the equilibria obtained under different allocations of competence and to formulate some policy considerations.

Keywords: Regulation, Commons, Legislatures, Duopoly

JEL Classification: K0, H1

Suggested Citation

Parisi, Francesco and Schulz, Norbert and Klick, Jonathan, Two Dimensions of Regulatory Competition. International Review of Law and Economics, Vol. 26, pp. 56-66, 2006; George Mason Law & Economics Research Paper No. 03-01; FSU College of Law, Law and Economics Paper; Minnesota Legal Studies Research Paper. Available at SSRN: https://ssrn.com/abstract=364241 or http://dx.doi.org/10.2139/ssrn.364241

Francesco Parisi (Contact Author)

University of Minnesota - Law School ( email )

229 19th Avenue South
Minneapolis, MN 55455
United States

University of Bologna ( email )

Piazza Scaravilli 1
40126 Bologna, fc 47100
Italy

Norbert Schulz

University of Wuerzburg - Department of Economics ( email )

Sanderring 2
Lehrstuhl VWL III
D-97070 Wuerzburg
Germany
+49-931/31 29 60 (Phone)
+49-931/31 26 21 (Fax)

Jonathan Klick

University of Pennsylvania Law School ( email )

3501 Sansom Street
Philadelphia, PA 19104
United States
2157463455 (Phone)

Erasmus School of Law ( email )

3000 DR Rotterdam
Netherlands

PERC - Property and Environment Research Center

2048 Analysis Drive
Suite A
Bozeman, MT 59718
United States

Paper statistics

Downloads
851
Rank
21,377
Abstract Views
4,063