1st Edition

The Economics of Government Regulation Fundamentals and Application in China

By Wang Junhao Copyright 2022
264 Pages 20 B/W Illustrations
by Routledge

264 Pages 20 B/W Illustrations
by Routledge

264 Pages 20 B/W Illustrations
by Routledge

Regulation is a public policy approach closely related to calculations of the equilibrium of supply and demand and to cost-benefit analyses. Governments combine a variety of incentives and restrictions on behavior, including laws and regulations, in order to guide enterprises and smaller entities within the economy toward pursuing policies in the public interest. This book offers... Read more
Part 1: Introduction. 1. Economic Analysis of Government Regulation. 2. Introduction to Government Regulation. Part 2: Economic Regulation. 3. Theories of Natural Monopoly and Investment Regulation. 4. Theory of Price Level Regulation. 5. Theory of Price Structure Regulation. 6. Theory of Entry Regulation. 7. Theory of Competition in a Natural Monopoly. 8. Regulation in the Telecommunications Industry in China. 9. Regulation in the Electric Power Industry in China. 10. Regulation in the Water Industry in China. Part 3: Social Regulation. 11. Externalities and Environmental Regulation in China. 12. Asymmetric Information and Product Quality Regulation in China. Part 4: Conclusion. 13. Trends in Regulation and Policy Implications in China

Biography

Wang Junhao is a specialist of government regulation in China, professor and dean of the China Institute of Regulation Research, Zhejiang University of Finance and Economics (ZUFE), and author of 20 academic books and more than 150 peer-reviewed academic papers.