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"We present a model of efficient regulation along the lines of Demsetz (1967). In this model, setting up and running regulatory institutions takes a fixed cost, and therefore jurisdictions with larger populations affected by a given regulation are more likely to have them. Consistent with the model, we find that higher population U.S. states have more pages of legislation and adopt particular laws earlier in their history. We also find that specific types of regulation, including the regulation of entry, the regulation of labor, and the military draft are more extensive in countries with larger populations. Overall, the data show that population is an empirically important determinant of regulation"--National Bureau of Economic Research web site.
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Edition Notes
"January 2004."
Includes bibliographical references.
Also available in PDF from the NBER world wide web site (www.nber.org).
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Feedback?December 13, 2020 | Edited by MARC Bot | import existing book |
February 6, 2010 | Edited by WorkBot | add more information to works |
December 10, 2009 | Created by WorkBot | add works page |