What classical economics gets wrong about regulation

• 25 May 2018

Classical economics holds that regulation prevents individuals from making free decisions about purchases, by limiting their range of choices. Botond KÅ‘szegi discusses his research that suggests this may not be the case. For complex purchase decisions involving contracts, regulation informs the way individuals search the marketplace, and enables them to search a greater range of products. This video was recorded at the 2018 RES Conference.