Transparency and Power in Rulemaking

  title={Transparency and Power in Rulemaking},
  author={John M. Olin},
This paper develops a model analyzing the impact of information transparency in administrative rulemaking. The key items of information are the regulated party’s communication and the agent’s signal based on that communication. Information disclosure not only allows the principal to observe the information, but it may also increase her power in the decision, measured by the probability that she can to select the final policy. A key result is that, even without mandating any disclosures, the… CONTINUE READING


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