Overzealous Rule Makers

B-Tier
Journal: Journal of Law and Economics
Year: 2021
Volume: 64
Issue: 2
Pages: 341 - 365

Authors (2)

Score contribution per author:

1.005 = (α=2.01 / 2 authors) × 1.0x B-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

Excessively tight and biased policy choices of rule makers can be explained as outcomes of competition among rule makers with overlapping competencies and diverging perceptions about the optimal framework. Rule makers who have extreme rather than moderate preferences are more likely to take policy action and preempt others, even if their cost of action is very high. This can lead to actionism, excessive regulatory activity, and radical rule outcomes.

Technical Details

RePEc Handle
repec:ucp:jlawec:doi:10.1086/711354
Journal Field
Industrial Organization
Author Count
2
Added to Database
2026-01-25