Elected versus Appointed Regulators: Theory and Evidence /
Coate, Stephen.
Elected versus Appointed Regulators: Theory and Evidence / Stephen Coate, Timothy Besley. - Cambridge, Mass. National Bureau of Economic Research 2000. - 1 online resource: illustrations (black and white); - NBER working paper series no. w7579 . - Working Paper Series (National Bureau of Economic Research) no. w7579. .
March 2000.
This paper contrasts direct election with political appointment of regulators. When regulators are appointed, regulatory policy becomes bundled with other policy issues the appointing politicians are responsible for. Since regulatory issues are not salient for most voters, regulatory policy outcomes reflect the preferences of party elites and special interests. Direct election of regulators strengthens the power of voters by ensuring the salience of regulatory issues. Using panel data on regulatory outcomes from U.S. states, we find evidence in favor of the idea that elected states are more pro-consumer in their regulatory policies.
System requirements: Adobe [Acrobat] Reader required for PDF files.
Mode of access: World Wide Web.
Elected versus Appointed Regulators: Theory and Evidence / Stephen Coate, Timothy Besley. - Cambridge, Mass. National Bureau of Economic Research 2000. - 1 online resource: illustrations (black and white); - NBER working paper series no. w7579 . - Working Paper Series (National Bureau of Economic Research) no. w7579. .
March 2000.
This paper contrasts direct election with political appointment of regulators. When regulators are appointed, regulatory policy becomes bundled with other policy issues the appointing politicians are responsible for. Since regulatory issues are not salient for most voters, regulatory policy outcomes reflect the preferences of party elites and special interests. Direct election of regulators strengthens the power of voters by ensuring the salience of regulatory issues. Using panel data on regulatory outcomes from U.S. states, we find evidence in favor of the idea that elected states are more pro-consumer in their regulatory policies.
System requirements: Adobe [Acrobat] Reader required for PDF files.
Mode of access: World Wide Web.