How does Tirole believe economic regulation should be?
Repressive
Heavily enforced
Fair
Nonexistent
Answer
Tirole believes that economic regulation should be fair. He argues that regulation should not be designed to protect incumbent firms from competition, but should instead promote competition and innovation. He also believes that regulation should be transparent and predictable, so that businesses know what is expected of them.
Mastering the Jean-ius: A Quiz on the Extraordinary Mind of Jean Tirole
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