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OverviewRegulation 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 an in-depth and systematic review of the economic theory of regulation, with particular emphasis on the Chinese context. The basic concepts cover economic and social regulation, regulatory process, regulation under asymmetric information, and capture theory. Drawing on a broad range of cases from across the telecommunications, electric power, and water sectors since the founding of the People’s Republic of China in 1949, the author explores economic regulation in China with reference to natural monopoly, investment, price level and price structure, entry, and competition. In addition, he discusses theories of externalities and asymmetric information, which are analyzed in the light of China’s environmental and product quality regulation. The author argues that the Chinese government has deregulated its economy to a large extent in the past and proposes that the Chinese government will enforce more social regulation in the future. Students and scholars of government regulation, economics, and industrial organization will find this volume to be an essential guide. Full Product DetailsAuthor: Wang Junhao , Xiaolu AnPublisher: Taylor & Francis Ltd Imprint: Routledge Weight: 0.508kg ISBN: 9781032026510ISBN 10: 1032026510 Pages: 250 Publication Date: 07 July 2021 Audience: College/higher education , Postgraduate, Research & Scholarly , Postgraduate, Research & Scholarly Format: Hardback Publisher's Status: Active Availability: In Print This item will be ordered in for you from one of our suppliers. Upon receipt, we will promptly dispatch it out to you. For in store availability, please contact us. Table of ContentsReviewsAuthor InformationWang 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. Tab Content 6Author Website:Countries AvailableAll regions |