The DOI matches its Crossref record; 12 of the 12 references it cites were found in a registry or an index.
Elected versus Appointed Regulators: Theory and Evidence
Abstract
This paper contrasts direct election with political appointment of regulators. When regulators are appointed, regulatory policy becomes bundled with other policy issues the appointing politicians are responsible for. Because voters have only one vote to cast and regulatory issues are not salient for most voters, there are electoral incentives to respond to stakeholder interests. If regulators are elected, their stance on regulation is the only salient issue so that the electoral incentive is to run a pro-consumer candidate. Using panel data on regulatory outcomes from U.S. states, we find new evidence in favor of the idea that elected states are more pro-consumer in their regulatory policies.
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Citations
Cites
The Theory of Economic Regulation
Stigler, G. J. (1971) · The Bell Journal of Economics and Management Science · doi:10.2307/3003160 · Cited by 8,098
An Economic Model of Representative Democracy
Besley, T., & Coate, S. (1997) · The Quarterly Journal of Economics · doi:10.1162/003355397555136 · Cited by 1,649
Self-citationA Model of Political Competition with Citizen-Candidates
Osborne, M. J., & Slivinski, A. (1996) · The Quarterly Journal of Economics · doi:10.2307/2946658 · Cited by 1,246
Electoral Competition and Special Interest Politics
Grossman, G. M., & Helpman, E. (1996) · The Review of Economic Studies · doi:10.2307/2297852 · Cited by 1,036
Electoral Competition with Informed and Uninformed Voters
Baron, D. P. (1994) · American Political Science Review · doi:10.2307/2944880 · Cited by 641
Joskow, P. L. (1974) · The Journal of Law and Economics · doi:10.1086/466794 · Cited by 437
Political Institutions and Policy Choices: Evidence from the United States
Besley, T., & Case, A. (2003) · Journal of Economic Literature · doi:10.1257/jel.41.1.7 · Cited by 401
Self-citationLobbying and Welfare in a Representative Democracy
Besley, T., & Coate, S. (2001) · The Review of Economic Studies · doi:10.1111/1467-937x.00160 · Cited by 229
Self-citationSome Determinants of Allowed Rates of Return on Equity to Electric Utilities
Hagerman, R. L., & Ratchford, B. T. (1978) · The Bell Journal of Economics · doi:10.2307/3003611 · Cited by 102
Regulator Selection Methods and Electricity Prices
Primeaux, W. J., & Mann, P. C. (1986) · Land Economics · doi:10.2307/3146558 · Cited by 42
Cited by
Electoral Rules and Government Spending in Parliamentary Democracies
Persson, T., Roland, G., & Tabellini, G. (2007) · Quarterly Journal of Political Science · doi:10.1561/100.00006019 · Cited by 359
Testa, C. (2010) · European Economic Review · doi:10.1016/j.euroecorev.2009.04.010 · Cited by 50
Metadata
- Authors
- Besley, T., & Coate, S.
- Venue
- Journal of the European Economic Association
- Publisher
- Oxford University Press (OUP)
- Published
- 2003-09-01
- Volume
- 1
- Issue
- 5
- Pages
- 1176-1206
- ISSN
- 1542-4766 (ISSN-L)
- 1542-4774
- OpenAlex
- W3022212517
- Cited by
- 445
- References
- 12
- FWCI
- 73.17
- Type
- journal article
- Language
- en
- Open access
- closed
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