Political Price Cycles in Regulated Industries : Theory and Evidence

Theory and Evidence

Political Price Cycles in Regulated Industries : Theory and Evidence
This paper develops a model of political regulation in which politicians set the regulated price in order to maximize electoral support by signaling to voters a pro-consumer behavior. Political incentives and welfare constraints interact in the model, yielding an equilibrium in which the real price in a regulated industry may fall in periods... READ MORE...

Publication date: November 2006
ISBN 9781451865202
$18.00

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