| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP16448 |
| DP16448 Corrective Regulation with Imperfect Instruments | |
| Ansgar Walther; Eduardo Dávila | |
| 发表日期 | 2021-08-11 |
| 出版年 | 2021 |
| 语种 | 英语 |
| 摘要 | This paper studies the optimal design of second-best corrective regulation, when some agents or activities cannot be perfectly regulated. We show that policy elasticities and Pigouvian wedges are sufficient statistics to characterize the marginal welfare impact of regulatory policies in a large class of environments. We show that the optimal second-best policy is determined by a subset of policy elasticities: leakage elasticities, and characterize the marginal value of relaxing regulatory constraints. We apply our results to scenarios with unregulated agents/activities and with uniform regulation across agents/activities. We illustrate our results in several applications. |
| 主题 | Financial Economics ; Public Economics |
| 关键词 | Corrective regulation Second-best policy Pigouvian taxation Policy elasticities Leakage elasticities Regulatory arbitrage Financial regulation |
| URL | https://cepr.org/publications/dp16448 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/545406 |
| 推荐引用方式 GB/T 7714 | Ansgar Walther,Eduardo Dávila. DP16448 Corrective Regulation with Imperfect Instruments. 2021. |
| 条目包含的文件 | 条目无相关文件。 | |||||
| 个性服务 |
| 推荐该条目 |
| 保存到收藏夹 |
| 导出为Endnote文件 |
| 谷歌学术 |
| 谷歌学术中相似的文章 |
| [Ansgar Walther]的文章 |
| [Eduardo Dávila]的文章 |
| 百度学术 |
| 百度学术中相似的文章 |
| [Ansgar Walther]的文章 |
| [Eduardo Dávila]的文章 |
| 必应学术 |
| 必应学术中相似的文章 |
| [Ansgar Walther]的文章 |
| [Eduardo Dávila]的文章 |
| 相关权益政策 |
| 暂无数据 |
| 收藏/分享 |
除非特别说明，本系统中所有内容都受版权保护，并保留所有权利。
