Sophisticated Economics for Complex Regulatory Reform
aul Milgrom and Robert Wilson were selected for the 2020 Nobel prize in economic sciences in part because their work has been used “to design new auction formats for goods and services that are difficult to sell in a traditional way, such as radio frequencies.”
Effect of Deregulation on Labor Markets
James Peoples is a professor of economics at the University of Wisconsin - Milwaukee. He participated in our recent webinar series, Delivering the Goods, that looked at how the Staggers Rail Act and Motor Carrier Act were passed, and what effect they had on the surface freight industry. Professor Peoples’ continues his reflections in this Commentary.
The notice of proposed rulemaking (NPRM) from DHS would amend regulations on the use and collection of biometrics by USCIS, U.S. Customs and Border Protection (CBP), and U.S. Immigration and Customs Enforcement (ICE).
The Effects of GDPR on the Digital Economy
We review the existing literature on privacy, particularly GDPR, from a policy perspective. The evidence outlines data regulation's effects on competition, innovation, marketing activities, and cross-border data flows. The discussion highlights the tradeoffs between increased regulation of data protection and its effects on the market.
A Model for Bipartisan Cooperation
This year marks the 40th anniversary of the Motor Carrier Act and the Staggers Rail Act, which substantially deregulated prices, entry, and exit in surface freight transportation. These reforms are noteworthy because they produced enormous consumer benefits, there is a strong scholarly consensus about their effects, and they enjoyed significant bipartisan support. The Regulatory Studies Center will host an online symposium to commemorate these regulatory reforms and draw lessons for the future.
At 50 years old, the EPA is the focus of some bitter controversies, but the nature of its mission should be something that unites more than it divides us.
Regulations Teed Up at the DEA
Several of the regulations teed up at the Drug Enforcement Administration are long-awaited actions that seek to address the ongoing opioid epidemic.
Time to Give Bootleggers the Boot!
The Environmental Protection Agency (EPA) has an important and well-defined mission with broad public support. Too often, however, the Agency has sought to strengthen its position by aligning itself with politically powerful rent-seeking interests. My wish for the Agency on its fiftieth birthday is that it stays focused on its own mission and remembers that old adage: “Dilution is not the solution to pollution.”
