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Ellig Public Interest Regulatory Advocacy 2006

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Mercatus Center
Mercatus Center
Economy & FinanceTechnology
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Public Interest Regulatory Analysis Jerry Ellig Senior Research Fellow
Tonight’s issues ,[object Object],[object Object],[object Object],[object Object],[object Object]
Key economic insights ,[object Object],[object Object],[object Object],[object Object],[object Object]
Economic analysis of government ,[object Object],[object Object],[object Object],[object Object]
1. What is “the public interest”? ,[object Object],[object Object]
Defining “public interest” requires value judgments ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Consensus on values? ,[object Object],[object Object],[object Object]
2. Imperfect processes for identifying the public interest ,[object Object],[object Object],[object Object],[object Object]
Public interest = what the govt. did ,[object Object],[object Object]
The despot’s dilemma ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Revelation through voting ,[object Object],[object Object],[object Object]
Cyclical majority ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Experts aided by “notice and comment” ,[object Object],[object Object],[object Object]
3. Incentives and the public interest ,[object Object],[object Object],[object Object],[object Object]
4. Public interest comments mitigate these problems ,[object Object],[object Object],[object Object],[object Object],[object Object]
What can public interest regulatory analysis do? ,[object Object],[object Object],[object Object],[object Object],[object Object]
What can’t regulatory analysis do? ,[object Object],[object Object],[object Object]
Why does it work? ,[object Object],[object Object],[object Object]

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