The crazy costs of excessive coal regulation

Reuters

A billboard carries a message for the coal industry near Wheeling, West Virginia January 25, 2013.

Imagine! Your roof is leaking. You call a roofer, and ask him to fix it. Instead of asking for a quote, you suggest the following: "I will pay you 5 percent of the price of all the tools you bring, and I'll pay for whatever materials you need to fix the problem. Honestly, I really believe that's the only fair way to deal with this."

What do you think? Will the roofer bring more tools than he would have if he were receiving a flat rate? Will you end up paying more than if you had asked five different roofers to provide quotes? 

The full text of this article is available on US News & World Report's website. It will be posted to AEI.org on Friday, July 19, 2013. 

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About the Author

 

Stan
Veuger
  • Stan Veuger's research focuses on the intersection of economic and political behavior. In particular, he has researched voter behavior, political activism, banking supervision, and policy uncertainty. At AEI, Veuger is concentrating on the impact of the Tea Party movement, on the relationship between job losses and economic policy uncertainty, and on the design of various social insurance programs.


     


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