Optimal Regulation with Exemptions
NBER Working Paper No. 23887
---- Acknowledgements ----
Harvard University and National Bureau of Economic Research. I am grateful to Nathan Hendren, Carl Shapiro, Steven Shavell, Andrei Shleifer, Joel Slemrod, Robert Stavins, and participants in workshops at Chicago, Harvard, Michigan, MIT, NBER, Northwestern, Stanford, and ETH/Zurich for discussion and comments, David Choi, Jodie Liu, Andrea Lowe, and Nick Warther for research assistance, and the John M. Olin Center for Law, Economics, and Business at Harvard University for financial support. Disclaimer: I occasionally consult on antitrust cases, and my spouse is in the legal department of a financial services firm. The views expressed herein are those of the author and do not necessarily reflect the views of the National Bureau of Economic Research.