1889's Papers on Regulation

REGULATION is generally thought of as unwanted government interference in the marketplace. However, some regulation is actually desired by some active participants in markets. Occupational licensing yields market advantages for licensees. Zoning can actually help developers make more money, when zoning bodies favor some developers over others and by forcing development on small lots, making it so that developers compete on fewer dimensions. Boards and commissions, ostensibly appointed to represent the general public, are often constituted in ways that favor the few and privileged over taxpayers.

"Baked-In Corruption: The Need to Reform Boards and Commissions" by Byron Schlomach argues that legislatures must give more careful consideration to the institutional structures they create. Giving examples from Oklahoma, it is argued that many boards and commissions are created with automatic conflicts of interest that ​bring about corruption in both subtle and blatant ways. Recommendations are made to rectify these policy errors. Summary


"The Importance of the Cost of Living and Policies to Address It"by Byron Schlomach, jointly published with the Goldwater Institute, uses statistical methods to look at how the cost of living across states is impacted by various government regulations, including zoning, power regulation, and various labor market regulations like minimum wage laws. Click for data on which statistical regressions in the appendix are based. Summary