A process perspective on regulation: Who bears the dispersed costs of regulation?

Research output: Contribution to journalArticle

Abstract

Scholars in both Austrian Economics and the Public Choice tradition intuitively understand that intervention often creates redistribution from lower income households to the middle class, but there has been little systematic inquiry into the distributional consequences of interventionism. This paper systematically applies Austrian insights to the dispersed costs side of the analysis of intervention to offer a better sense of how large those costs may be and who tends to bear them. An emergent literature on the regressive effects of regulation highlights those distributional consequences both from a theoretical and an empirical perspective.

LanguageEnglish (US)
Pages1-8
Number of pages8
JournalReview of Austrian Economics
DOIs
StateAccepted/In press - Jul 2 2018

Fingerprint

Costs
Redistribution
Austrian economics
Household
Middle class
Low income
Public choice

All Science Journal Classification (ASJC) codes

  • Economics, Econometrics and Finance(all)

Cite this

@article{686d2bd02cd34e4b86baddd33d36c6a1,
title = "A process perspective on regulation: Who bears the dispersed costs of regulation?",
abstract = "Scholars in both Austrian Economics and the Public Choice tradition intuitively understand that intervention often creates redistribution from lower income households to the middle class, but there has been little systematic inquiry into the distributional consequences of interventionism. This paper systematically applies Austrian insights to the dispersed costs side of the analysis of intervention to offer a better sense of how large those costs may be and who tends to bear them. An emergent literature on the regressive effects of regulation highlights those distributional consequences both from a theoretical and an empirical perspective.",
author = "Thomas, {Diana W.}",
year = "2018",
month = "7",
day = "2",
doi = "10.1007/s11138-018-0426-3",
language = "English (US)",
pages = "1--8",
journal = "Review of Austrian Economics",
issn = "0889-3047",
publisher = "Kluwer Academic Publishers",

}

TY - JOUR

T1 - A process perspective on regulation

T2 - Review of Austrian Economics

AU - Thomas, Diana W.

PY - 2018/7/2

Y1 - 2018/7/2

N2 - Scholars in both Austrian Economics and the Public Choice tradition intuitively understand that intervention often creates redistribution from lower income households to the middle class, but there has been little systematic inquiry into the distributional consequences of interventionism. This paper systematically applies Austrian insights to the dispersed costs side of the analysis of intervention to offer a better sense of how large those costs may be and who tends to bear them. An emergent literature on the regressive effects of regulation highlights those distributional consequences both from a theoretical and an empirical perspective.

AB - Scholars in both Austrian Economics and the Public Choice tradition intuitively understand that intervention often creates redistribution from lower income households to the middle class, but there has been little systematic inquiry into the distributional consequences of interventionism. This paper systematically applies Austrian insights to the dispersed costs side of the analysis of intervention to offer a better sense of how large those costs may be and who tends to bear them. An emergent literature on the regressive effects of regulation highlights those distributional consequences both from a theoretical and an empirical perspective.

UR - http://www.scopus.com/inward/record.url?scp=85049218990&partnerID=8YFLogxK

UR - http://www.scopus.com/inward/citedby.url?scp=85049218990&partnerID=8YFLogxK

U2 - 10.1007/s11138-018-0426-3

DO - 10.1007/s11138-018-0426-3

M3 - Article

SP - 1

EP - 8

JO - Review of Austrian Economics

JF - Review of Austrian Economics

SN - 0889-3047

ER -