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ERIC Number: EJ781643
Record Type: Journal
Publication Date: 2007
Pages: 5
Abstractor: Author
Reference Count: 3
ISSN: ISSN-0022-0485
A Graphical Approach to the Stiglerian Theory of Regulation
Beard, T. Randolph; Kaserman, David L.; Mayo, John W.
Journal of Economic Education, v38 n4 p447-451 Fall 2007
Although many authors have drawn on the basic insights of the early founders of the economic theory of regulation, the ability to cogently present the general form of the theory in a readily accessible graphical format has only recently emerged. Although providing a promising approach for illustrating and analyzing regulatory and deregulatory outcomes, the analysis presented to this point appears to require the derivation of several graphs. The result is that, although stemming from a single paradigmatic framework, the graphical approach fails to offer a single unified basis for illustrating the general economic theory of regulation. The authors seek to fill this lacuna by providing a simple yet powerful unifying graphical construct for presenting the myriad implications of that theory. (Contains 2 figures and 6 notes.)
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Publication Type: Journal Articles; Reports - Descriptive
Education Level: N/A
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: N/A