This setting lets you change the way you view articles. You can choose to have articles open in a dialog window, a new tab, or directly in the same window.
Open in Dialog
Open in New Tab
Open in same window
Open in New Tab
Open in same window
Journal of Economic Literature: Vol. 41 No. 2 (June 2003)
JEL Volume. 41, Issue 2 | Next Article
Sign up for Email Alerts Follow us on Twitter Subscription Information
(Institutional Administrator Access)
JEL Forthcoming Articles
JEL Indexes (Members Only)
Full-text Article
Expand
Quick Tools:
Print Article Summary Email Link to this Article Export CitationSign up for Email Alerts Follow us on Twitter Subscription Information
(Institutional Administrator Access)
Explore:
JEL Forthcoming Articles
JEL Indexes (Members Only)The Rise of the Regulatory State
Article Citation
Glaeser, Edward L., and
Andrei Shleifer. 2003. "The Rise of the Regulatory State ."
The Journal of Economic Literature,
41(2): 401-425.
DOI: 10.1257/002205103765762725
DOI: 10.1257/002205103765762725
Abstract
The Progressive Era of the early twentieth-century U.S. saw significant growth of government regulation of business. We model the choice of law enforcement strategy between private litigation over accidents, regulation of precautions, a combination of the two, and doing nothing. Any of these strategies can be subverted by private parties, at a cost. Private litigation may be more vulnerable to subversion than regulation, especially as the scale of enterprise grows. The rise of regulation is seen as an efficient response to subversion of justice. The model makes sense of the progressive reform agenda. It may also help explain what institutions of law and order are appropriate in what circumstances-a crucial issue for transition economies and emerging markets.
Article Full-Text Access
Full-text Article
Authors
Glaeser, Edward L.
Shleifer, Andrei
Shleifer, Andrei
