The Political Economy of Controls: Complexity / Anne O. Krueger, Roderick Duncan.

Format:

Book

Author/Creator:

Krueger, Anne O.

Contributor:

National Bureau of Economic Research.

Duncan, Roderick.

Series:

Working Paper Series (National Bureau of Economic Research) no. w4351.

NBER working paper series no. w4351

Language:

English

Physical Description:

1 online resource: illustrations (black and white);

Other Title:

The Political Economy of Controls

Place of Publication:

Cambridge, Mass. National Bureau of Economic Research 1993.

Summary:

Increasing complexity of regulation over time is a regular empirical phenomenon whenever political processes attempt to control economic activity. In this paper it is argued that a tendency toward increasing complexity of controls is probably inherent in most efforts to regulate, and that the great likelihood that it will occur should be taken into account in initial policy formulation. Economic policy analyses may be correct as formulated on the assumption that the initial policies will be adopted and not be altered, but be wrong if it is recognized that increased complexity may be an inevitable cost of the policy.

Notes:

Print version record

April 1993.