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- W1499829247 abstract "In order to evaluate effect of regulation on technological innovation and diffusion in an industry, we need two benchmarks-a notion of how industry ought to behave and a notion of how it would behave in absence of regulation-so that we can judge extent to which regulation brings it closer to ideal or pushes it farther away. In much of regulation literature standard of ideal behavior is competitive market. Regulation is considered appropriate when unregulated industry departs from competitive ideal in important ways, which are labelled failures. More precisely, competitive standard requires that decisions be made so that benefits (measured by price) are equal to costs at margin. Regulation is then judged by whether it brings industry closer to standard than it could get by itself. In Brookings' review of Ash Council's proposals for improving regulation, for example, Noll states: the performance of regulatory agencies is judged herein by extent to which their actions correct for market failures that were motivation" @default.
- W1499829247 created "2016-06-24" @default.
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- W1499829247 date "1979-12-08" @default.
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- W1499829247 title "Regulating the diffusion of hospital technologies." @default.
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