An Activity-Generating Theory of Regulation
收藏NBER2009-02-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w14752
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资源简介：
We propose an activity-generating theory of regulation. When courts make errors, tort litigation becomes unpredictable and as such imposes risk on firms, thereby discouraging entry, innovation, and other socially desirable activity. When social returns to innovation are higher than private returns,
提供机构：
美国国家经济研究局
创建时间：
2009-02-01
