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Comments on: Why we shouldn’t rely on the regulators http://www.tvhe.co.nz/2008/09/03/why-we-shouldnt-rely-on-the-regulators/ The Visible Hand in Economics Wed, 03 Sep 2008 22:39:57 +0000 hourly 1 https://wordpress.org/?v=6.9.4 By: Steve http://www.tvhe.co.nz/2008/09/03/why-we-shouldnt-rely-on-the-regulators/#comment-2332 Wed, 03 Sep 2008 22:39:57 +0000 http://tvhe.wordpress.com/?p=1040#comment-2332 Its just a matter of making the correct incentives as part of the law/regulation so that when the company evaluates the alternative choices, they have the incentive to act as society prefers.

]]> By: Matt Nolan http://www.tvhe.co.nz/2008/09/03/why-we-shouldnt-rely-on-the-regulators/#comment-2333 Wed, 03 Sep 2008 21:15:28 +0000 http://tvhe.wordpress.com/?p=1040#comment-2333 “None of this is news to anyone, but it is one reason why studying the incentives of a seemingly constrained agent may help us to better understand the way people act”

So fundamentally – even if agents are being told to do one thing, they still have a choice, and there is still value in studying that choice. Is that the kicker?

]]> By: Trends and Fashion » Why we shouldn’t rely on the regulators http://www.tvhe.co.nz/2008/09/03/why-we-shouldnt-rely-on-the-regulators/#comment-2331 Wed, 03 Sep 2008 09:19:06 +0000 http://tvhe.wordpress.com/?p=1040#comment-2331 […] The visible hand in economics placed an observative post today on Why we shouldn’t rely on the regulatorsHere’s a quick excerpt […]

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