The Cyclical Character of Regulatory Activity
Offers evidence on the Peltzman prediction about the behavior of regulatory activity over the business cycle, by examining the activities over the business cycle of three agencies that unambiguously supply producer protection regulation. General regression specification employed to test Peltzman's hypothesis; Significance of political wealth effect as a determinant of regulatory agency activity; Implications of the findings for Peltzman's hypothesis that producer protection regulation will tend to be more prevalent during contractions.
The Cyclical Character of Regulatory Activity” (with Robert D. Tollison), Public Choice 45 (1985), pp. 303–311.