{"product_id":"failure-of-judges-and-the-rise-of-regulators-9780262529525","title":"Failure of Judges and the Rise of Regulators","description":"\u003cb\u003eA noted economist argues that the ubiquity of regulation can be explained by its greater efficiency when compared to litigation.\u003c\/b\u003e\n\u003cp\u003eGovernment regulation is ubiquitous today in rich and middle-income countries--present in areas that range from workplace conditions to food processing to school curricula--although standard economic theories predict that it should be rather uncommon. In this book, Andrei Shleifer argues that the ubiquity of regulation can be explained not so much by the failure of markets but by the failure of courts to solve contract and tort disputes cheaply, predictably, and impartially. When courts are expensive, unpredictable, and biased, the public will seek alternatives to dispute resolution. The form this alternative has taken throughout the world is regulation.\u003c\/p\u003e\n\u003cp\u003e\u003ci\u003eThe Failure of Judges and the Rise of Regulators \u003c\/i\u003egathers Shleifer's influential writings on regulation and adds to them a substantial introductory essay in which Shleifer critiques the standard theories of economic regulation and proposes \"the Enforcement Theory of Regulation,\" which sees regulation as the more efficient strategy for social control of the business. Subsequent chapters present the theoretical and empirical case against the efficiency of courts, make the historical and theoretical case for the comparative efficiency of regulation, and offer two empirical studies suggesting circumstances in which regulation might emerge as an efficient solution to social problems. Shleifer does not offer an unconditional endorsement of regulation and its expansion but rather argues that it is better than its alternatives, particularly litigation.\u003c\/p\u003e\n\u003cp\u003e\u003cb\u003eContributors\u003cbr\u003e\u003c\/b\u003eNicola Gennaioli, Anthony Niblett, Richard A. Posner, Simeon Djankov, Rafael La Porta, Florencio Lopez-de-Silanes, Edward L. Glaeser, Simon Johnson, Casey B. Mulligan\u003c\/p\u003e\n\u003cbr\u003e\u003cbr\u003e\u003cb\u003eAuthor:\u003c\/b\u003e Andrei Shleifer\u003cbr\u003e\u003cb\u003ePublisher:\u003c\/b\u003e MIT Press\u003cbr\u003e\u003cb\u003ePublished:\u003c\/b\u003e 03\/25\/2016\u003cbr\u003e\u003cb\u003ePages:\u003c\/b\u003e 352\u003cbr\u003e\u003cb\u003eBinding Type:\u003c\/b\u003e Paperback\u003cbr\u003e\u003cb\u003eWeight:\u003c\/b\u003e 1.14lbs\u003cbr\u003e\u003cb\u003eSize:\u003c\/b\u003e 9.02h x 5.98w x 0.79d\u003cbr\u003e\u003cb\u003eISBN:\u003c\/b\u003e 9780262529525\u003cbr\u003e\n\u003cp\u003e\u003cb\u003eAbout the Author\u003c\/b\u003e\u003cbr\u003eAndrei Shleifer is a Professor of Economics at Harvard University and recipient of the 1999 John Bates Clark Medal. He is the author of \u003ci\u003eWithout a Map: Political Tactics and Economic Reform in Russia\u003c\/i\u003e (MIT Press, 2000) and other books.\u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\nPhilippe Aghion is a Professor at the College de France and at the London School of Economics. Aghion is coauthor (with Peter Howitt) of \u003ci\u003eEndogenous Growth Theory\u003c\/i\u003e (MIT Press).\n\u003cp\u003e \u003c\/p\u003e\nPierre Cahuc is a Professor of Economics at École Polytechnique, Director of the Macroeconomic Laboratory at CREST-ENSAE, Program Director at IZA, Research Fellow at CEPR, and member of the Council of Economic Analysis of the Prime Minister.\n\u003cp\u003e \u003c\/p\u003e\nAndrei Shleifer is a Professor of Economics at Harvard University and recipient of the 1999 John Bates Clark Medal. He is the author of \u003ci\u003eWithout a Map: Political Tactics and Economic Reform in Russia\u003c\/i\u003e (MIT Press, 2000) and other books.\u003cbr\u003e\n\u003cp\u003e\u003ci\u003eThis title is not returnable\u003c\/i\u003e\u003cbr\u003e\u003c\/p\u003e","brand":"MIT Press","offers":[{"title":"Paperback","offer_id":39946326016115,"sku":"9.78E+12","price":29.95,"currency_code":"EUR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0555\/9255\/0515\/products\/img_8ffd6446-d5bc-406b-996e-1300d093f0a1.jpg?v=1648314220","url":"https:\/\/bookstorenmore.com\/en-de\/products\/failure-of-judges-and-the-rise-of-regulators-9780262529525","provider":"Bookstore N More","version":"1.0","type":"link"}