LEADER 04917nam 22007215 450 001 9910484670603321 005 20251230064326.0 010 $a3-030-70530-7 024 7 $a10.1007/978-3-030-70530-5 035 $a(CKB)4100000011902591 035 $a(MiAaPQ)EBC6567078 035 $a(Au-PeEL)EBL6567078 035 $a(OCoLC)1248731567 035 $a(PPN)255292120 035 $a(DE-He213)978-3-030-70530-5 035 $a(EXLCZ)994100000011902591 100 $a20210424d2021 u| 0 101 0 $aeng 135 $aurcnu|||||||| 181 $ctxt$2rdacontent 182 $cc$2rdamedia 183 $acr$2rdacarrier 200 10$aLaw and Economics of Regulation /$fedited by Klaus Mathis, Avishalom Tor 205 $a1st ed. 2021. 210 1$aCham :$cSpringer International Publishing :$cImprint: Springer,$d2021. 215 $a1 online resource (xvi, 320 pages) $cillustrations 225 1 $aEconomic Analysis of Law in European Legal Scholarship,$x2512-1308 ;$v11 300 $aIncludes index. 311 08$a3-030-70529-3 320 $aIncludes bibliographical references and index. 327 $aPart I: Law and Economics of Regulation Theory -- Public Services as a Strategy of Regulation -- Sectoral Self-Regulation as a Viable Tool -- Ethical Blind Spots & Regulatory Traps: On Distorted Regulatory Incentives, Behavioural Ethics & Legal Design -- Law and Economics as a Vehicle for Judicial Activism in Russian Law -- Part II: Specific Applications of Law and Economics of Regulation -- Key Lessons for the Design of Consumer Protection Legislation -- Regulation of Information about Unfolding Events in Securities Markets: A Behavioural Economics Perspective -- Data Flows v. Data Protection: Mapping the Pros and Cons of Existing Reconciliation Models in Global Trade Law and Beyond -- The Concept of Regulatory Arbitrage -- (Un)intended Consequences of Macroprudential Regulation -- Precautionary Antitrust: A Precautionary Tale in European Competition Policy -- Regulation and Deregulation of Financial Markets from the Perspective of Law and Economics -- Privatizing Income Security for Disabled Workers: Unintended Consequences and Labour Market Imbalances -- Regulating Innovations -- Matching Commitments: A New Approach to Regulation of the Commons. 330 $aThis book explores current issues regarding the regulation of various economic sectors, theoretically and empirically, discussing both neoclassical and behavioural economics approaches to regulation. Regulation has become one of the main determinants of modern economies, and virtually every sector is subject to general laws and regulations as well as specific rules and standards. A traditional argument to justify regulatory interventions is the promotion of public interests. Fixing markets that lack competition, balancing information asymmetries, internalising externalities, mitigating systemic risks, and protecting consumers from irrational behaviour are frequently invoked to complement the invisible hand of the market with the visible hand of the state. However, regulations can lead to unintended consequences, and serve the interests of powerful private interest groups rather than the public interest and social welfare. In addition, new insights from behavioural economics question the traditional regulatory approaches, most prominently in attitudes towards consumers. Furthermore, digitalisation and technological innovation in general present new challenges in terms of both the type of regulation and the regulatory process. Part I of this book discusses various theoretical approaches to the economic analysis of regulations, while Part II looks at specific applications of the law and economics of regulation. 410 0$aEconomic Analysis of Law in European Legal Scholarship,$x2512-1308 ;$v11 606 $aConflict of laws 606 $aConflict of laws 606 $aInternational law 606 $aComparative law 606 $aCommercial law 606 $aEuropean Economic Community 606 $aLaw and economics 606 $aPrivate International Law, International and Foreign Law, Comparative Law 606 $aEuropean Economic Law 606 $aLaw and Economics 615 0$aConflict of laws. 615 0$aConflict of laws. 615 0$aInternational law. 615 0$aComparative law. 615 0$aCommercial law. 615 0$aEuropean Economic Community. 615 0$aLaw and economics. 615 14$aPrivate International Law, International and Foreign Law, Comparative Law. 615 24$aEuropean Economic Law. 615 24$aLaw and Economics. 676 $a343.07 702 $aTor$b Avishalom 702 $aMathis$b Klaus 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910484670603321 996 $aLaw and economics of regulation$92461532 997 $aUNINA